Dubai - Sharikat Mubasher: The Saudi-based fintech company, Geidea, partnered with HSBC to launch Omni Collect, HSBC’s new e-commerce digital payment platform, in the UAE, a recent statement revealed.

Omni Collect streamlines the way businesses collect digital payments for goods and services sold across multiple payment channels including credit and debit cards, and e-wallets such as Apple Pay and Samsung Pay.

The signing ceremony was attended by Abdullah AlOthman, Founder and Executive Chairperson of Geidea, and Mohamed Al Marzooqi, CEO of HSBC UAE.

Under this partnership, Geidea will integrate a merchant acquiring facility within Omni Collect, allowing all HSBC business and corporate clients access to the card receivables solution.

Omni Collect is integrated into clients’ e-commerce and accounting solutions directly via application programming interface (APIs) making real-time data flow possible.

Kyle Boag, Regional Head of Global Payment Solutions for the Middle East, North Africa, and Turkey (MENAT) at HSBC, said: “HSBC’s Omni Collect will help businesses capitalize on that growth by offering them a simple way to collect payments faster, analyze customer payments behavior and spot trends to make informed business decisions.”

Meanwhile, Sailesh Malhotra, Geidea’s General Manager for GCC, commented: “Our mission is making payments and commerce technology accessible, affordable, and intuitive for everyone and this partnership is another testament to our reliability and ability to scale as we deliver on that commitment.”

Omni Collect enables businesses to monitor transactions online, consolidate their reporting across different payment methods, and have a unified view of all their daily business transactions.