After moving the retail end of the business to the mobile, HDFC Bank has started offering banking solutions on the go even for its wholesale banking customers. Customers can now use the mobile banking application for carrying out operations such as bank guarantee, letter of credit, remittances and bills processing, among others.
Bhavesh Zaveri, country head-operations and cash management product, HDFC Bank, said the idea behind launching Trade Finance on Mobile — a facility that will provide end-to-end digitisation of trade finance transactions, including last mile authorisation of these transactions — is to provide ease to customers and increase the speed of transactions.