News from the Wire

HPS opens an office in Australia, partners with major bank

Monday, July 15, 2024 — 11:41:48 (EDT)

London, July 12th, 2024: HPS (CSE: HPS), one of the leading global providers of software and payment solutions, is pleased to announce the establishment of its new entity in Sydney, Australia. This expansion marks a significant milestone in its international growth and commitment to delivering cutting-edge solutions to its clients across the Asia Pacific region.

Indeed, HPS's new Australian entity will focus on managing its clients in Australia and New Zealand. It is particularly exciting to announce that one of the largest banks in the country, has recently signed a SaaS contract with HPS, joining the other clients in the region.

This strategic expansion will allow the Group to strengthen its presence in the Australian and Oceanic markets as a whole, while demonstrating its ability to deliver innovative solutions tailored to the specific needs of its clients, considering regulatory constraints in each market.

Australia is renowned for its conducive environment for innovation and flourishing business activities. The country offers a thriving ecosystem for technology companies, supported by world-class infrastructure and a favorable economic outlook. Moreover, Australia boasts a pool of highly skilled talents, enabling HPS to recruit top professionals to support the Group's growth and its ongoing pursuit of innovation.

Abdeslam Alaoui, CEO of HPS, commented, "We are delighted to announce the opening of our new office in Australia as part of the AccelR8 program, a crucial step in our ongoing commitment to expanding our global presence. This expansion reflects our confidence in the potential of the Asia Pacific market and our dedication to serving our clients with excellence in this rapidly growing region."

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About HPS

HPS is a multinational company and a leading provider of payment software and solutions for issuers, acquirers, card processors, independent sales organisations (ISOs), retailers, mobile network operators (MNOs), and national & regional switches around the world. PowerCARD is HPS’s comprehensive suite of solutions that covers the entire payment value chain by enabling innovative payments through its open platform that allows the processing of any transaction coming from any channel initiated by any means-of-payment. PowerCARD is used by more than 500 institutions in over 95 countries.

HPS has been listed on the Casablanca Stock Exchange since 2006 and has offices located in major business centres across Africa, the Americas, Asia-Pacific, Europe, and the Middle East.

For more information, please visit: www.hps-worldwide.com

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Source: Company press release.