Tap Payments and HSBC Kuwait Partner to Simplify Card Payments and Collections for Kuwait Businesses
HSBC business and corporate clients will be able to accept card payments through Tap Payments' locally built payment infrastructure, with consolidated reporting and settlement information to support reconciliation.
Tap Payments has partnered with HSBC Kuwait to provide card payment acceptance for the bank's business and corporate clients.
Between January and June 2026, point of sale and payment gateway card transactions in Kuwait exceeded KWD 16 billion across more than 625 million transactions, according to the Central Bank of Kuwait. For businesses, accepting a payment is only one part of the collections process. Finance teams also need clear transaction and settlement information to identify payments, reconcile collections and manage receivables.
The service will combine HSBC's banking capabilities with Tap Payments' locally built payment infrastructure. Eligible clients will be able to accept card payments and access detailed transaction and settlement information through a consolidated view. This will help finance teams reconcile transactions against internal records, monitor receivables and track settlement activity with greater clarity.
The service is designed to work alongside clients' existing payment channels and business systems.
Clients can contact their HSBC relationship manager for more information.
Commenting on the partnership, Ahmed Al Murad, Chief Executive Officer, Kuwait, HSBC Bank Middle East Limited, said:
Anwar Marafi, Tap Payments Group Head, Business & Financial Institutions said:
Kyle Boag, HSBC Regional Head of Global Payments Solutions, said:
About Tap Payments
Founded in Kuwait in 2014, Tap Payments is a leading payment institution and technology provider in MENA. Trusted by businesses of all sizes, Tap Payments provides secure, locally built payment products designed for the realities of the region.
With payment licences across all GCC markets, connections to local payment networks and proprietary technology, Tap Payments helps businesses accept payments, manage collections and access regional and global payment methods through a single integration.
About HSBC in the MENAT Region
HSBC is the largest and most widely represented international banking organization 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. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
