DBS Hong Kong launches all-in-one sales management platform

Business accounts can be opened as fast as 1 working day.

DBS Hong Kong has launched the DBX MAX Merchant Solutions offering a platform to manage sales operations and payment collections.

Launched in partnership with Yedpay, the DBS MAX Merchant Solutions features tools that offer access to sales operation data, bank account information in a single platform.

Business accounts can be opened as fast as 1 working day, and collection settlements processed as quickly as just a day after the transaction.

It is also reportedly compatible with over 21 payment options.

DBS Hong Kong noted that over 1 in 3 (35%) of 200 local merchants’ it surveyed in August face challenges due to inaccurate financial records arising from reconciliation challenges.

Almost 1 in 3 (31%) also named inefficient settlement time from their payment acquirers, the study found.

Nearly 70% of merchants it surveyed for a report utilise digital payment methods, and 86% plan to adopt new digital payment methods in the next 12 months.