Why use this APIs?
Leveraging HSBC's treasury connectivity, together with the real-time payment functionality of Hong Kong's faster and Singapore's FAST payment system, corporate customers in Hong Kong and Singapore are now able to make direct debit authorisations and instructions via our direct debit collections API.
Instant credit to customer accounts via direct debit and immediate confirmation to both payer and payee
Service availability 24 hours a day x 365 days a year
Standard JSON message format developed with SWIFT using ISO 20022 components
Direct Debit Collections APIs
- Provides the capability for clients to initiate a direct debit authorisation setup request
- Provides the capability for clients to submit a one-time password (OTP) to confirm the direct debit authorisation setup
- Provides the capability for clients to initiate and track the progress of a direct debit authorisation setup or request
- Provides the capability for the client to download direct debit authorisation and direct debit instruction reports
FAQs about this API
- What countries does this API cover?
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The Direct Debit Collections API is only available for our customers in Hong Kong and Singapore
Related use cases
Enhance customer experience with the real-time Collections API
A securities and brokerage company, transforming the investing experience by offering a fully digitised brokerage service covering various markets