HSBC Qatar launches miles-based payment service

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HSBC Qatar has launched mobile payment and collection services for its retail and business customers, as part of its continued investment in the digitalization of banking services.

The upgrades will simplify financial inclusion for the non-bank sector and visitors to Qatar, which is closely aligned with the bank’s strategy and the ambitions of the country’s regulator and financial sector.

“HSBC aims to be the bank in your pocket and with the introduction of mobile payments and collections to our digital banking channels, we are getting even closer to making banking faster, easier and more secure,” said said Abdul Hakeem Mostafawi, CEO of HSBC in Qatar. “Our digital strategy is to improve the customer experience to adapt it to the increasingly digital lives of our customers,” he added. “The Central Bank of Qatar is at the forefront of continued investment in innovative digital banking services and a catalyst for gradual change,” Mostafawi concluded.

New mobile payment and collection services provide a more convenient and secure way to pay bills, transfer money person-to-person, and purchase merchandise from registered merchants.

Customers can make instant local transfers to pay bills and merchant payments or transfer money to another person using a QR code. The service is available 24/7 and will provide instant transfer of funds between accounts.

Personal banking customers can now access this feature on their mobile banking app and use it for purchases from registered merchants, utility bill payments and person-to-person transfers with a simple process. in three steps.

Merchants will also benefit by registering with HSBC on HSBCnet and obtaining mobile collection services.

This will allow businesses to provide an additional way for their customers to pay for their purchases, to offer their sales force the ability to collect payment for a service, and for businesses to offer an additional way for their customers to pay. their online purchases using a wallet app instead of traditional payment methods such as cash, checks, wire transfers and credit cards.

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