QNB Global Collect is a Clearing and Settlement platform for invoice Collections from 45+ countries and in 30+ currencies. It provides flexible options to collect invoices into locally domiciled pool account or Virtual Accounts. Your payers can decide to pay the invoices in their local currency or any other currency of their choice and will benefit from a reduced FX margin and avoid international payment charges.
Global Collect streamlines your collection process as it allows invoice uploading, tracking, settlement and reconciliation under a unique user-friendly dashboard.
Global Collect is specifically designed for Corporate and SME exporters that would benefit from tools to collect both in USD and in multiple other currencies.
Key Benefits
Collect domestically in 45+ countries
Easily collect payments in accounts domiciled in your payer’s countries thereby saving on cross border payment related charges.
Option to open dedicated virtual accounts
Instantly open virtual accounts in 30+ currencies (onshore and offshore), in the name of your buyers or business units.
Simplify reconciliation and invoice organization with bulk uploads and virtual account set-up.
Cost and FX Efficiency
Reduced and tailored FX rates specially negotiated for your payers.
Visibility and Availability
Funds are cleared quickly since the platform is widely available in numerous countries, including the USA, UK, Canada, Australia, and more
Speed and transparency in every step with full visibility of invoice/receivables status.
With Global Collect, QNB empowers corporates to embrace digital treasury innovation and invoice collection setting itself apart as a strategic leader in the industry.
Ready to transform your global collections?
Contact your dedicated Relationship Manager.