HSBC: Digitising banking to drive innovation and growth

One of HSBC’s core strategies is to digitise the bank at scale to allow for faster innovation for its customers.

As part of this strategy, HSBC offers cutting-edge solutions for its corporate and institutional clients, helping them manage, collect and report digital payments. This aligns to the wider global cashless trend that brings with it rapid growth in online shopping and digital spend.

HSBC’s Omni Collect is one such solution that aims to simplify and streamline the way businesses collect digital payments for goods and services sold across multiple payment channels. These channels include credit and debit cards, as well as e-wallets such as Apple Pay and Samsung Pay.

HSBC’s Omni Collect will help businesses capitalise on that growth by offering them a simple way to collect payments faster, analyse customer payments behaviour and spot trends to help make informed business decisions.

HSBC’s Omni collect is just one of many initiatives the bank is implementing to support the growing demand for digital services in the UAE.

HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom.

Through its commitment to digitisation and innovation, HSBC continues to lead the way in meeting the evolving needs of businesses in the Middle East and beyond.