HSBC has launched its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based FinTech company, Geidea.
Through this partnership, Geidea will integrate a merchant acquiring facility within Omni Collect, allowing all HSBC business and corporate clients to access card receivables solutions and gain better insights into their collections data.
Kyle Boag, Regional Head of Global Payment Solutions, MENAT, HSBC, stated, “HSBC’s Omni Collect will help businesses capitalise on growth by offering a simple way to collect payments faster, analyse customer payment behaviour, and spot trends to make informed business decisions. Our strategy is to digitise the bank at scale to innovate faster for customers, and our partnership with Geidea is crucial in advancing this transformation agenda.”
Available to corporate customers via HSBCnet, Omni Collect simplifies and streamlines digital payment collections for goods and services across multiple payment channels, including credit and debit cards, and e-wallets like Apple Pay and Samsung Pay.
Omni Collect integrates with clients’ e-commerce and accounting solutions through APIs, enabling real-time data flow. This allows businesses to monitor transactions online, consolidate reports across different payment methods, and have a unified view of daily transactions.
Sailesh Malhotra, Geidea’s General Manager – GCC, said, “Our mission is to make payments and commerce technology accessible, affordable, and intuitive for everyone. This partnership with HSBC is a testament to our reliability and ability to scale. The UAE Central Bank has licensed us to offer diverse merchant services, empowering us to collaborate with global partners like HSBC.”
HSBC clients in the UAE with international operations can expand their integration with Omni Collect across multiple markets in Asia and Europe, and vice versa. Omni Collect is available in the UK, Australia, India, mainland China, Hong Kong, Indonesia, Malaysia, South Korea, Japan, Singapore, Thailand, and Vietnam.
