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HSBC and Conferma have expanded their long-standing-collaboration into Asia Pacific, enabling businesses to embed virtual card payments directly into procurement, travel, and supplier workflows.
The move directly addresses growing demand from businesses for simpler payments and deeper integration with existing finance and procurement systems. Now, HSBC Virtual Cards can be embedded into finance, procurement, and payment processes, enabling customers to initiate and manage payments without leaving their existing operating environment. This reduces friction, improves control, and supports growing demand for more ‘invisible’ payment experiences.
The expansion marks the next phase of a collaboration spanning more than a decade, which began in 2011 with virtual card deployment for corporate travel and has since evolved to support a broader range of B2B use cases. Now, that capability is being extended across Asia Pacific markets including Hong Kong, Singapore, and Malaysia.
As businesses increasingly operate in digital-first environments, embedded payments are becoming a strategic priority, with total transaction value projected to hit $228bn by 2028. Organisations are looking to eliminate manual processes, improve transparency, and enhance working capital management, while maintaining control within existing systems. Virtual cards are emerging as a critical tool in this transition, enabling finance teams to automate reconciliation, capture rich transaction data, and manage spend in real time.
The solution supports a range of use cases, including:
- Frictionless travel payments: enabling hotel bookings to be settled seamlessly, removing manual billback, and streamlining reconciliation
- Embedded supplier payments: integrating into procurement and finance workflows to enable faster, controlled transactions
- Enhanced visibility and control: providing real-time insight into spend and transaction-level data
Adam Williams, Head of Commercial – APAC at Conferma said: “Businesses across Asia are rethinking how they manage spend as digital transformation accelerates. Our collaboration with HSBC helps more businesses reduce manual intervention, improve reconciliation, and gain greater visibility over spend across both supplier and travel payments – all without disrupting existing processes.”
Erika Yeung, Head of Commercial Cards, Asia Pacific at HSBC added: “Across Asia Pacific, customers are looking to modernise supplier payments to reduce manual processing, strengthen control, and optimise working capital. Virtual Cards are becoming a mainstream B2B payment method, extending well beyond T&E spend. By working with Conferma, we enable clients to embed automated Virtual Card payment workflows into their existing ERP, procurement, and AP platforms—improving straight-through processing and visibility.”
For more information, visit www.conferma.com
About Conferma
Headquartered in Manchester, UK, Conferma is the global leader in virtual payments, connecting businesses, issuers, and suppliers to streamline and secure transactions. Its technology underpins virtual card issuance for banks, travel management companies, and enterprises worldwide. For more information, visit www.conferma.com.
About The Hongkong and Shanghai Banking Corporation Limited (HSBC)
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,438bn at 30 June 2026, HSBC is one of the world’s largest banking and financial services organisations.
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