HSBC Qatar Partners with Noqoody to Enhance Digital Payment Collection Solutions
HSBC Qatar has announced a strategic partnership with Noqoody, a leading Qatari fintech company and licensed payment service provider, to introduce an enhanced merchant acquiring solution for corporate clients. The collaboration aims to help businesses across Qatar improve payment collection processes, strengthen financial visibility and accelerate their digital transformation efforts.
The partnership was formalised during an official signing ceremony held on 1 July 2026 at HSBC’s headquarters in Qatar. The event was attended by Abdul Hakeem Mostafawi, Chief Executive Officer of HSBC Bank Middle East Limited in Qatar, Nayef Rashwan, Chief Executive Officer of Noqoody, alongside senior representatives from both organisations.
Through this collaboration, HSBC corporate clients can accept card payments using Noqoody’s acquiring infrastructure while gaining access to a more efficient and connected payment management experience. The solution provides businesses with improved visibility into receivables across multiple collection channels, consolidated reporting capabilities and simplified settlement processes.
The partnership expands the range of digital payment options available to HSBC customers and supports businesses in Qatar as they transition away from traditional cash and cheque-based payment methods. By adopting digital collection solutions, companies can improve operational efficiency, reduce manual processes and create smoother payment experiences for their customers.
The new payment solution has been designed to integrate with existing business platforms and information systems, allowing organisations to adopt the service without major investments in additional software, infrastructure or operational changes.
Abdul Hakeem Mostafawi, Chief Executive Officer of HSBC Qatar, highlighted the importance of digital innovation in supporting businesses as Qatar continues to develop its digital economy.
According to him, the partnership combines HSBC’s international financial expertise with Noqoody’s local fintech capabilities to help businesses achieve better efficiency through improved collections, reporting and receivables management.
Nayef Rashwan, Chief Executive Officer of Noqoody, said the collaboration represents an opportunity to support HSBC clients with advanced payment solutions while strengthening the growth of Qatar’s fintech ecosystem.
The partnership also aligns with HSBC’s broader commitment to helping businesses adopt digital banking solutions that improve financial operations, enhance transparency and support long-term growth.
As businesses increasingly demand faster, safer and more flexible payment options, collaborations between traditional financial institutions and fintech companies are playing an important role in shaping the future of digital payments in Qatar.
Frequently Asked Questions (FAQ)
1. What is the HSBC Qatar and Noqoody partnership about?
The partnership introduces a merchant acquiring solution that allows HSBC corporate clients to accept card payments through Noqoody’s payment infrastructure while benefiting from improved reporting, settlement and payment collection management.
2. Who can benefit from this digital payment solution?
The solution is designed for HSBC corporate clients in Qatar, particularly businesses looking to improve payment collection processes and adopt more efficient digital payment methods.
3. How does the partnership improve payment collections?
The solution provides businesses with better visibility into incoming payments, consolidated reports across collection channels and simplified settlement processes, making it easier to manage receivables.
4. Does the solution require businesses to install new systems?
No. The solution is designed to integrate with existing business channels and information systems, reducing the need for major investments in new technology infrastructure.
5. Why are digital payment solutions becoming important for businesses in Qatar?
Digital payment solutions help businesses reduce dependence on cash and cheque payments, improve operational efficiency, enhance customer convenience and support the country’s wider digital economy goals.
6. What role does Noqoody play in the partnership?
Noqoody provides its payment acquiring infrastructure and fintech expertise, enabling HSBC clients to access streamlined card payment acceptance and collection services.
7. How does this partnership support Qatar’s digital transformation?
By encouraging businesses to adopt secure digital payment solutions, the collaboration contributes to Qatar’s move toward a more connected, technology-driven financial ecosystem.
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