Written by The Banking Post
The Chittagong Port Authority (CPA) and HSBC Bangladesh have jointly launched a fully automated, real-time digital payment system to make port transactions faster, safer, and more convenient for maritime stakeholders.
The new platform allows port users to pay bills directly from their banks through HSBC’s secure API-based payment gateway, eliminating the need for physical visits to the port. Officials say the system will enhance efficiency, cut processing times, and strengthen security in financial transactions.
At the launch event, CPA Chairman Rear Admiral S M Moniruzzaman said the port must continue upgrading capacity and efficiency as it expects an additional 1.5 million TEUs in the next five years. “This digital payment system tackles part of that challenge by streamlining payments and cutting delays,” he said, adding that improved efficiency is key to attracting investment and staying competitive regionally.
HSBC officials noted that the initiative aligns with the bank’s commitment to delivering innovative cash management solutions for Bangladesh’s evolving trade ecosystem. “This partnership is about making trade processes faster, safer, and more efficient,” said Bashar M Tareq, Head of Markets & Securities Services at HSBC Bangladesh.
The event was attended by senior CPA representatives, global port operators, shipping agents, technology partners, and HSBC officials.
