HSBC Partners with TAB for Payments

HSBC Kuwait has launched a new payment acceptance service proposal for its corporate clients, through a strategic partnership with Tab Payments.

Ahmed Al-Murad, Chief Executive Officer of HSBC Kuwait and HSBC Middle East Limited, said: “Kuwait’s digital economy is experiencing continuous growth, creating significant opportunities for businesses to develop their operational methods. By combining HSBC’s global expertise with Tab Payments’ local fintech capabilities, we help companies enhance efficiency through simpler collection solutions, improved reporting, and more effective accounts receivable management.”

Kyle Bogue, Regional Head of Global Payment Solutions at HSBC, said: “This partnership reflects our commitment to helping businesses embrace digital transformation through innovative solutions that streamline financial processes and boost efficiency. In collaboration with Tab Payments, we provide institutions with greater visibility, control, and flexibility in managing collection operations and accounts receivable.”

Anwar Ma’arfi, Head of Corporate and Financial Institutions at Tab Payments, said: “The partnership addresses Kuwaiti businesses’ need for more advanced methods of payment collection and management, without adding further complexity to their operations. It combines HSBC’s banking expertise with Tab Payments’ local payment infrastructure, enabling companies to accept card payments more simply, track collection processes across various channels with greater clarity, and manage accounts receivable more efficiently. The partnership also embodies our shared commitment to providing payment products that meet the needs of the Kuwaiti market and support business growth.”