Photo : Collected

DHAKA, Sept 11, 2025 (BSS) - The Hongkong and Shanghai Banking Corporation Limited in Bangladesh in partnership with Chittagong Port Authority (CPA) has recently introduced a fully automated, real-time port payment system aimed at enhancing operational efficiency, security, and convenience for the country’s maritime stakeholders. 

On this occasion, HSBC and CPA jointly arranged an event with the presence of senior representatives from CPA, industry leaders, global port operators, shipping & C&F agents, technology partners and HSBC officials, said a press release received here today. 

HSBC and CPA jointly developed a digital solution to facilitate seamless financial transactions for all port users through HSBC's payments platform. 

Through this collaboration, HSBC introduces a bespoke, cashless solution that enables port users to settle port bills directly from their respective banks digitally, removing the need to visit the port to settle such payments. 

The panel discussed the ongoing technological investments and strategic partnerships to promote improved experiences for the port users, including payments processes. 

The discussion also highlighted how port users are being supported to adapt and embrace digitalisation in the port payment system tailored by HSBC.

Speaking at the event, Rear Admiral S M Moniruzzaman, CPA Chairman, said, “ This digital payment system tackles part of that challenge by streamlining payments and cutting processing times.”

Bashar M Tareq, Head of Markets & Securities Services, Bangladesh at HSBC said: “This partnership forms part of HSBC Bangladesh’s approach to deliver cash management solutions that make trade processes faster, safer and more efficient in response to the country's ever-evolving economic landscape”.