HSBC Partners 7-Eleven to Expand Cash Access Network to 800 Touchpointsby Company Announcement January 22, 2018
HSBC Singapore announced its partnership with 7-Eleven, the largest convenience store chain in Singapore, to offer HSBC customers access to more than 300 of its stores for QuickCash withdrawals. HSBC’s partnership with 7-Eleven will expand its total cash access network by 30% to over cash 800 touchpoints island-wide.
This partnership with 7-Eleven further complements and expands HSBC’s existing fleet of ATMs including those from the ATM5 network and QuickCash participating outlets including Cold Storage, Guardian Health and Beauty and Market Place in Singapore.
Mr. Matthias Dekan, Head of Customer Value Management, HSBC Bank (Singapore) said:
“Despite the push for digital payments and electronic fund transfers, cash access remains important for Singaporeans. Partnerships like this one with 7-Eleven, and other retail outlets, means cash access is available within minutes’ walk from wherever you are in Singapore.”
HSBC customers can leverage its ATM / Branch Locator on its website to find the nearest HSBC Branch, ATM and QuickCash service locations for cash withdrawals.
In addition to enhancing its cash-access network, recognizing that technology and mobility are changing how customers do banking, HSBC has been investing in digital technology that provides them with more options that meet their payments and fund transfer needs.
Recent initiatives include the introduction of PayNow, which is an enhanced fund transfer service that enables customers of seven participating banks to send and receive Singapore Dollar funds from each other, using just their mobile number or Singapore NRIC/FIN.
HSBC has also introduced NETS-enabled functionality to its debit cards which provides its customers access to more than 100,000 payment terminals across Singapore and is the first to issue NETS Contactless enabled debit cards in 2017. It now also offers Apple Pay which allows HSBC credit and debit cardholders to make payments in stores via Visa payWave or MasterCard contactless payment terminals in Singapore and overseas.
In addition, HSBC has recently refreshed their existing suite of debit cards for the mass banking – Advance and Premier segments. The refreshed HSBC debit cards offer a comprehensive range of mobile and cashless payment features. Not only do they support Visa payWave and Apple Pay, they also support NETS FlashPay which can be used at all major public transport networks including MRTs, buses, and taxis.
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