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- pexels photo 615474 150x150 - HSBC Partners With PayPal for Corporate Payments | Bank Innovation

Add to list of banks that have partnered with payments company PayPal.

Today, HSBC announced that as a result of its partnership , the will now let its global make payments to beneficiaries using their PayPal accounts.

In a statement released today, Tom Halpin, global head of payments in global liquidity and cash management at HSBC, said:

Our collaboration with PayPal will significantly expand the payments network accessible to our clients through HSBC, allowing them to send payments to a much wider range of counterparties in a fast and efficient manner.

PayPal has similar partnerships in place with other major banks like Bank of America, Citi and JPMorgan Chase.

Read more at Finextra and Tamebay.

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