Mumbai, Oct. 14 -- HSBC has launched HSBC Digital Merchant Services in India, digital payment management solutions designed to streamline payment processes for eCommerce merchants.
The service enables merchants to accept a range of payment methods through a single contract and interface, simplifying the complexity of managing multiple payment method providers for the merchants.
The service will support card transactions of Mastercard, Visa and RuPay, as well as Unified Payments Interface (UPI) and net banking and others in a phased manner according to a statement issued by the bank today.
India's e-commerce market, the second - largest in Asia, is poised for exponential growth, projected to grow four-fold to USD 550 billion by 2035. In t...