HSBC launches e-commerce payment solution Omni Collect in UAE in partnership with Geidea
HSBC has launched its e-commerce digital payment solution, Omni Collect, in the UAE in partnership with Saudi paytech Geidea.
HSBC launches Omni Collect in UAE with Geidea
The Omni Collect platform aims to augment the way the bank’s corporate clients gather digital payments for goods and services sold through various payment channels, such as credit and debit cards, and e-wallets including Apple Pay and Samsung Pay.
In addition, the solution facilitates real-time data flow for clients by integrating directly into their e-commerce and accounting systems via APIs.
HSBC says this allows corporates to amalgamate reporting across various payment methods, monitor transactions online, and “have a unified view of all their daily business transactions”.
Geidea has been selected to enhance the offering by integrating a merchant acquiring facility into Omni Collect.
HSBC anticipates that this integration will enable clients to gain access to a card receivables solution, providing them with a “greater understanding of their collections data”.
Currently, Omni Collect is available in Australia, mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand, Vietnam and the UK.
Kyle Boag, HSBC’s regional head of global payment solutions for the Middle East North Africa and Turkey (MENAT), claims Omni Collect will help businesses in the UAE “by offering them a simple way to collect payments faster, analyse customer payments behaviour and spot trends to make informed business decisions”.
“Our strategy is to digitise the bank at scale, so that we can innovate faster for customers, and our partnership with Geidea is important in advancing this transformation agenda.”
