HPS is a multinational company and a leading provider of payment solutions and services for issuers, acquirers, card processors, independent sales organisations (ISOs), retailers, mobile network operators (MNOs), and national & regional switches around the world. We are confident that HPS will help us achieve our goal of offering the Filipino public one app for all their financial needs, from savings to payments and investing." Dear All, ValueLabs hiring HPS Powercard Tester who are flexible for Hybrid mode (offshore: Hyderabad & Onsite: Abu Dhabi). Manish Bhai CEO of UNOAsia said: "We have selected HPS' PowerCARD solution because of their deep understanding of the challenges new market entrants are facing and their advanced, cloud-based technology. The bank plans to launch new and innovative. PowerCard will be implemented in the bank’s card issuing and merchant acquiring businesses. Capitec Bank aims to revamp its card products. UNObank's trust in HPS comforts us on the consistency of our development strategy in South East Asia." South Africa-based Capitec Bank has selected payment systems provider HPS and its PowerCard solution to modernise back office processes. For this reason, we are beyond thrilled that PowerCARD has been chosen by UNObank to bridge the financial inclusion gap through one card that gives access to a full spectrum of banking services, and we look forward to being a part of its latest venture into the Filipino market. to give the processing activity of HPS Group a critical size to address Tier1 and Tier2 customers in Africa.īased on ICPS’ financial statements closed at the end of June 2020 and showing a turnover of 100 Million Moroccan Dirhams, the consolidated processing activity at the end of this transaction should represent nearly 25% of HPS’ overall activity, resulting in a significant increase in the Group’s recurring revenues, which will thus reach 65% of all HPS activities.Abdeslam Alaoui Smaili CEO of HPS commented: "Our mission at HPS has always been to provide our clients with cutting edge payments technology, and to enable them to bring new products to the market with ease and efficiency.to pool the infrastructures of the two companies for better efficiency and better profitability.to create a centre of expertise around PowerCARD technology in English-speaking Africa, strengthening both ICPS and HPS’ presence in this region.Thus, the combination of HPS and ICPS will enable them: The acquisition positions HPS as a processing leader in the African market thanks to its presence in a dozen countries in French speaking Africa and ICPS’ presence in around 20 English speaking countries in Africa. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and. ICPS acquisition is a major development for HPS, which will allow the expansion of the Group’s processing activity in Africa. For End Users You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. ICPS offering is based on HPS PowerCARD technology linked to international networks American Express, Diners, Discover, MasterCard, UPI and Visa, covering the entire value chain. ICPS activity covers hosting of more than 6 million cards, driving of more than 600 ATMs and 11,000 point of sale terminals. ICPS provides payment processing services for banks and other financial institutions, as well as telecom operators, and has a rich portfolio of more than 30 clients in 22 countries in Africa and Asia, including MCB Group. HPS Group today announces the completion of the acquisition of ICPS in Mauritius, which it first announced on February 9th, 2021.įollowing the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and ICPS proceeded on April 7th 2021 to sign the reiterative deed of sale related to 80% of the shares of the company ICPS.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |