Electronics distributor picks HSBC as corporate PromptPay service provider

RS Components is a wholly owned subsidiary of UK-based Electrocomponents, a distributor of electronic and engineering tools, components and consumables, offering more than 500,000 products to a million customers globally. 
HSBC has been the sole banking partner of RS Components in Thailand.
Ai Chen Lim, HSBC Thailand’s chief of global liquidity and cash management, said registration for business-to-business transactions began in March. 
“With our service, RS Components will benefit from speedy fund delivery to a single HSBC account, while its counterparties will be able to make payments via any bank with lower transaction fees,” he said.
“HSBC has made considerable investments in delivering the most secure and beneficial digital transaction services to customers in parallel with professional advisory services by dedicated, industry-leading practitioners. We are currently working to deliver even more services, such as Bill Payment, to our PromptPay customers, which we aim to complete in the fourth quarter this year.”
Patcharee Mee-in, finance manager at RS Components, said the firm was proud to assist the country in its transition to a digital economy. 
“Aside from convenient and secure money transfers, we look for additional benefits and more advanced PromptPay features to help enhance the company’s liquidity-management capability and make our business operations more efficient. Under Corporate PromptPay, we are truly well-positioned to better serve our customers and suppliers worldwide.”