HSBC to open first digital branch in Qatar at Msheireb Downtown Doha

Msheireb Downtown Doha will be home to the first HSBC digital branch in the country – HSBC Msheireb, it has been announced.
The announcement was made during an agreement-signing ceremony between Msheireb Properties, the national real estate developer and a subsidiary of Qatar Foundation, and HSBC Bank Middle East, Qatar. The event was witnessed by the Lord Mayor of London, Peter Esilin, the higher management of Qatar Financial Centre and the UK embassy in Qatar.
Set to open in October 2019, HSBC’s new digital bank is the “first of its kind for the group and the fourth retail branch in Qatar”, a press statement notes. HSBC Msheireb will be implementing a series of digital services to make customers’ banking journey smoother and more convenient.
“The new district of Msheireb will be a showcase of the future of financial services and HSBC’s branch there will be a focal point for the delivery of innovative digital banking services as we begin a new phase of our development in Qatar.
“HSBC’s origins in Qatar date back to 1954 and it is fitting that we are able to demonstrate our commitment to the country as it takes its next steps into the future of digital banking with the opening of a new branch close to the site where we first opened for business,” the statement said.
Ali al-Kuwari, acting CEO of Msheireb Properties, said: “We are committed to revive Msheireb’s earlier status as the capital’s trade and business hub by bringing in services and experiences that are smart, sustainable, innovative, and fit for the future of Qatar.
“We are very happy to see HSBC join our growing list of commercial and financial tenants with its unique digital banking solution that will support the overall vision of Msheireb Downtown Doha.”
HSBC currently has three branches operating in Doha, including Airport Road, City Center, and Salwa Road, as well as a network of ATMs in 10 different locations.