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HPS (Hightech Payment Systems)

“Can HPS scale its PowerCARD payment software platform from its Africa/Middle East base into a globally dominant infrastructure layer for banks, processors, and fintechs across issuing, acquiring, switching, and open banking?”

Founded1995
HQCasablanca, Morocco
Latest roundIPO 2006 (Casablanca Stock Exchange)
Valuation$423.7M market cap
IndustryInfrastructure / Payments
The story

Founded in 1995 as a card and payment software vendor, HPS built its PowerCARD suite into a comprehensive platform covering issuing, acquiring, switching, ATM, mobile, and fraud for financial institutions across Africa, the Middle East, and beyond. The company went public in Casablanca in 2006 and progressively expanded geographically into Europe, Asia, and the Americas. In 2024, HPS acquired CR2 to expand its digital banking software footprint, and is now executing its 'AccelR8' strategic plan targeting SaaS migration, AI capabilities, and geographic diversification in the Americas and Asia through 2027.

Last 12 months
2025-03
2025-04
2025-09
2025-10
Product timeline
1995
HPS founded in Casablanca, Morocco as a provider of electronic payment solutions.· pivot
2006
HPS listed on the Casablanca Stock Exchange (ticker: HPS.XCAS).· ipo
2017
HPS launched pilot of PowerCARD Connect-Open API open banking platform.· banking
2018
HPS officially launched PowerCARD Connect-Open API and obtained PCI-DSS certification.· banking
2019
HPS obtained ISO 27001 certification for Processing and Switching businesses in Morocco.· banking
2024
HPS acquired CR2, expanding capabilities in digital banking and payments software globally.· acquisition
2025
HPS announced strategic AI fraud detection collaboration with Enigma.· banking
Acquisitions
CR22024
HPS acquired CR2 to expand its global reach and capabilities in digital banking and payments software.
Regulated entities
2
regulatory licences held by HPS (Hightech Payment Systems)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in HPS (Hightech Payment Systems)’s embedded-finance stack
Money movement
ACH
Accounting gap: none