HSBC Business Collect with Xero

FPS Payment Collection is powered by HSBC business partner* for HSBC Business Collect and Xero. You can now connect your HSBC account with Xero Invoicing, allowing you to offer a seamless invoice payment experience for customers. Simply click ‘Pay with FPS’ and scan an FPS QR code to make the payment. You'll receive their invoice payments instantly, whatever the time of day or night.

Product Features

Instant payments into your bank account

  • Enables cashless and cardless transactions
  • 24/7 processing with instant payment
  • Better operating efficiency and real-time reconciliation

Expedite the payment process

  • Accept FPS payments through features in Xero online invoicing
  • Seamless customer experience – no need for them to enter your registered FPS proxy ID or the payment amount

Automated payment updates

  • Auto-sync your transaction data with Xero
  • Automatically pair up invoice amounts

Campaign Offers

  1. FPS QR code transaction fee wavier for the first 30 days transaction amount
  2. Discounted FPS QR code transaction fee upon meeting required transaction thresholds in each calendar month

Bank feed connection with Xero

With our direct bank feed connection, your transaction data flows securely and automatically into Xero every day, helping  you to manage your company finances more effectively and make better-informed decisions.

Features and benefits

  • Automatic and secure transfer of transaction data for account reconciliation
  • A reduction in manual bookkeeping, saving time and avoiding data entry errors
  • Improved cashflow visibility with up-to-date information
  • Simple online setup via HSBC Business Internet Banking
  • Single bank feed setup for multiple accounts
  • Free service offered to HSBC Commercial Banking customers with a Xero account

In today’s digital world, business is about efficiency. Jerome Tam, co-founder of Rush Hour Media, successfully streamlined the firm’s accounting processes by having transaction data transferred automatically from his bank account into Xero. Watch now to learn more.

Types of HSBC accounts eligible for Bank Feed

  • Business Integrated Account – HKD Current, HKD Savings and Foreign Currency Statement Savings Accounts. Other account types within a Business Integrated Account are NOT supported
  • HKD Current Accounts
  • HKD Savings Accounts (Passbook and Statement Savings)
  • USD Passbook Savings Accounts
  • CombiNations Savings Accounts
  • Foreign Currency Current Accounts
  • Foreign Currency Statement Savings Accounts


For enquiries on Business Internet Banking, please contact our hotline at (852) 2748 8288 or email us at

For questions or comments on Xero's software, please email Xero at can also click here for the Frequently Asked Questions (PDF, 36KB) and User Guide (PDF, 1.31MB).

Terms and Conditions (PDF, 38KB) apply.

Get started

You need to have an HSBC business account with the HSBC Business Collect Service enabled to use this plugin:

1. Find the FPS Payment Collection (for HSBC Business Collect) plug-in on the Xero App Store
2. Select 'Get this app'
3. Select 'Connect to Xero' if you already have an HSBC business account with HSBC Business Collect service enabled
4. Agree to connect your HSBC account with your Xero account
5. Finish the setup process by entering a few details

If you don't have an HSBC business account or HSBC Business Collect, please arrange a callback from us by following this link.



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