Go electronic says HSBC
Middle East: Thursday, March 27 - 2008 at 09:18
A banking expert has called for banks in the region to better embrace electronic transactions. Speaking in Dubai, Andrew Long, HSBC's Head of Global Transaction Banking, said costly and inefficient cheque and cash based transactions were still commonplace in the Middle East, 'which are time-consuming and error prone' because of the manual procedures they involve. He said electronic real time settlements would increase competitiveness for businesses.
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StaffThursday, March 27 - 2008 at 09:18 UAE local time (GMT+4)
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