HSBC India starts global education payments; direct payments to 600 univ

HSBC India on Monday launched global education payments to enable Indian students and the bank's customers to pay fees directly to more than 600 international universities and colleges.

Aiming to simplify the process of foreign currency payment, it provides students and their families a completely digital experience when making tuition payments for their overseas education, the bank said in a statement.

With this new feature on the HSBC India mobile banking app, customers can select the country or territory and the university and get pre-loaded, pre-verified account details of the university, it said.

They can then add student details, upload loan documents, make a payment request instantly and securely through the mobile app and benefit from reduced remittance costs compared to other international education payment options available.

*** Piramal Finance partners with Digital India's Common Service Centers *

Piramal Capital & Housing Finance Ltd (Piramal Finance), a wholly-owned