HSBC seeks balance between mobile payments, Hong Kong branch network

The increased popularity of mobile payments in Hong Kong has pushed HSBC to invest in related technology, but the bank said it would not stop expanding its branch network.

Diana Cesar, head of retail banking and wealth management at HSBC in Hong Kong, said the lender would strike a balance between different banking services, even as mobile banking emerged as a growth area.

In the first quarter, average monthly HSBC mobile banking logins increased more than 60 per cent from last year, Cesar said at the launch of a wealth management app.

via Business feed http://www.scmp.com/business/banking-finance/article/1234112/hsbc-seeks-balance-between-mobile-payments-hong-kong-branch