Hong Leong Bank's electronic collection enables businesses to collect receivables from buyer customers efficiently and effectively. We provide online and direct debit collection solutions that suit your business needs.
Hong Leong Online Collection Service is ideal for e-commerce, where businesses use its own web portal to sell its products and services to their customers - be it to consumers (B2C) or other businesses (B2B). It facilitates online payments by their buyer customers purchasing online and provides immediate feedback on payment status. Buyer customers can maintain accounts with Hong Leong Bank of other banks.
Hong Leong Direct Debit Collection Service is ideal for businesses with high volume and regular collections such as insurance premiums, installments, rentals etc. Hong Leong Bank will collect your regular receivables based on your instruction by debiting the buyers' accounts maintained with Hong Leong Bank or other banks. Collection transaction details will be provided to ease your company's account reconciliations.