ProgressSoft Corporation
ProgressSoft Corporation is a privately held Jordan-based provider of in-house developed real-time payment and financial infrastructure software, serving more than 385 banks, central banks, and payment service providers across 26 countries through enterprise licensing and professional services.
- Company typePrivate
- Founded1989
- HeadquartersAmman, Jordan
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What ProgressSoft Corporation does
ProgressSoft Corporation is a privately held, Jordan-headquartered provider of real-time payment and financial infrastructure software founded in 1989. The company serves more than 385 banks, central banks, and payment service providers across 26 countries, with a footprint spanning the Middle East (Jordan, Qatar, UAE, Kuwait, Oman), South Asia (Nepal), and additional markets reached via channel partners. Its core offering is a modular, in-house developed platform anchored by Payments Hub (PS-PayHub), Instant Payments (PS-IIPS), Real-Time Gross Settlement (PS-RTGS), Automated Clearing House, Electronic Check Clearing, and Corporate Banking Suite, supplemented by add-on modules including MT/MX Converter, CBPR+ Translator, Smart Payments Reconciliation, Digital Wallet, and eKYC. The architecture is configurable, interoperable, and platform-independent, designed for ISO 20022, SWIFT GPI, and CBPR+ compliance, with AI capabilities embedded in fraud detection, adaptive authentication, and reconciliation.
The company monetizes through enterprise software licenses and recurring professional services including consulting, deployment, integration, and training. Go-to-market combines a direct multilingual enterprise sales force with a certified channel partner network, supported by presence at flagship industry events (Sibos, Swift Connect Africa) and thought-leadership content. Operational scale is evidenced by 8,800+ implementations, 650,000+ end users, 22 central payment infrastructure partnerships, and 19 countrywide deployments. The company is founder/management-owned with an employee equity participation model and reports no external institutional investment in the available sources.
ProgressSoft Corporation firmographics
Firmographics- Name
- ProgressSoft Corporation
- Legal name
- ProgressSoft Corporation
- Website
- https://progressoft.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- ProgressSoft Corporation is a privately held Jordan-based provider of in-house developed real-time payment and financial infrastructure software, serving more than 385 banks, central banks, and payment service providers across 26 countries through enterprise licensing and professional services.
- Ownership category
- akta.pro rank
ProgressSoft Corporation industry classification
Industry- Product category
- Payment Infrastructure Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL)
Keywords
Where ProgressSoft Corporation is headquartered
LocationHeadquarters
- HQ city
- Amman
- HQ country
- Jordan
- HQ region
- Middle East
Offices6 records
Markets served
ProgressSoft Corporation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Enterprise Software Licenses: ProgressSoft offers enterprise software solutions for payment infrastructure to banks, central banks, and payment service providers. Solutions are licensed for deployment within financial institution environments with configuration and customization capabilities.
- Professional Services: Includes consulting services, enterprise software deployment, software integration, and training programs. These services support customers from early project stages through deployment and ongoing support, providing expertise in information systems strategy, business process improvement, and technical implementation.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
ProgressSoft Corporation product offering
Product offeringCore offering
ProgressSoft designs, develops, and licenses a modular suite of real-time and batch payment processing, clearing, and corporate banking software products for commercial banks, central banks, and clearing houses. Its offerings cover payments hubs, instant/real-time gross settlement, automated clearing house processing, electronic check clearing, electronic bill presentment and payment, corporate banking suites, and regulatory/dispute management. Revenue is generated primarily through enterprise software licensing plus deployment, integration, consulting, and training services.
Product overview
ProgressSoft offers a comprehensive, modular portfolio of real-time payment and financial solutions for central banks, commercial banks, and payment service providers. The platform-plus-modules architecture centers on the Payments Hub as the core orchestration platform, supplemented by specialized solutions including Instant Payments (PS-IIPS), Real-Time Gross Settlement (PS-RTGS), Automated Clearing House (PS-ACH), Electronic Check Clearing, Message Depot, and Corporate Banking Suite. Additional add-on modules include Digital Onboarding, Digital Wallet, Smart Payments Reconciliation, MT/MX Converter, CBPR+ Translator, Merchant Portal, Buy Now Pay Later, and Signature Verification. The solutions are designed to be configurable, interoperable, platform-independent, and database-independent, enabling seamless integration with third-party payment ecosystems. ProgressSoft provides professional services including consulting, enterprise software deployment, software integration, and training programs. With 22 central payment infrastructures and over 380 financial institution partnerships across 26 countries, the company emphasizes in-house development, tailored features, international compliance, and seamless integration capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- PS-PayHub (Payments Hub)
Quantifiable outcome
- 19 countrywide implementations demonstrating ability to deliver national-scale payment infrastructure
- +2 more outcomes
Companies that use ProgressSoft Corporation
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
ProgressSoft Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature10 records
ProgressSoft Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Housing Bank for Trade and FinancecoreJordan-based commercial bank partnered with ProgressSoft to upgrade its payments network using the Payments Hub Platform, streamlining local and international payment corridors with faster settlement times, improved tracking, and greater transparency. The platform integration aligns with the bank's goals to support global payment standards including SWIFT GPI and CBPR+. This collaboration extends a long-standing partnership that began in 1993 with ProgressSoft's Signature Verification Solution.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
ProgressSoft Corporation competitors and assessment
Company assessmentDirect peers
- ACI Worldwide: ACI Worldwide is a leading global provider of real-time electronic payment and banking solutions, including RTGS, instant payments, and fraud management. It directly competes with ProgressSoft's PS-RTGS, PS-IIPS, and PS-PayHub offerings for central bank and tier-1 bank mandates.
- Temenos: Temenos provides core banking and payment software to banks globally, with growing real-time payments and corporate banking capabilities. Its target customers (commercial and challenger banks) overlap directly with ProgressSoft's commercial bank segment.
- OpenWay: OpenWay delivers payment processing software (Way4) to banks and payment processors across emerging markets, with strong RTGS and card-processing credentials. Its product scope and emerging-market focus position it as a direct competitor for central-bank and large-bank deals.
- BPC Banking Technologies: BPC provides a full payment platform spanning instant payments, open banking, and digital banking to over 150 institutions globally. Its end-to-end payment platform mirrors ProgressSoft's hub-plus-modules approach for banks and central banks.
- Volante Technologies: Volante specializes in payments modernization and ISO 20022 message processing for banks and financial institutions. Its focus on payment hubs and message translation overlaps with ProgressSoft's Payments Hub and CBPR+ Translator offerings.
Broad incumbents
- FIS (Fidelity National Information Services): FIS is a global financial technology giant offering core banking, payment processing, and capital markets software. It competes broadly with ProgressSoft in commercial bank modernization and corporate banking, though at a much larger scale and across geographies ProgressSoft does not serve.
- Fiserv: Fiserv is a major US-headquartered financial technology provider spanning account processing, payments, and digital banking. Its broad portfolio overlaps with ProgressSoft's commercial bank and payment service provider offerings, but Fiserv serves a much larger and more diverse customer base.
- Worldline: Worldline is a European payments giant covering merchant acquiring, payment processing, and financial services software. It competes with ProgressSoft primarily in payment infrastructure and processing, especially across European and emerging-market banks.
Emerging players
- Thought Machine: Thought Machine provides a cloud-native core banking platform adopted by tier-1 banks globally. It represents an emerging architectural alternative that could displace incumbent payment and core banking suppliers, including parts of ProgressSoft's modernization pipeline.
- Mambu: Mambu offers a SaaS core banking and lending platform used by challenger banks and fintechs. Its target segment overlaps with ProgressSoft's Payment Service Provider and digital banking modules, though it is more focused on greenfield digital banks than legacy modernization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
ProgressSoft Corporation social profiles
Digital presenceProgressSoft Corporation compliance and trust
Trust signalCompliance1 record
ProgressSoft Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
ProgressSoft Corporation leadership team
Management profileNumber of profiles
Profiles3 records
ProgressSoft Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ProgressSoft Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ProgressSoft Corporation
What does ProgressSoft Corporation do?
ProgressSoft designs, develops, and licenses a modular suite of real-time and batch payment processing, clearing, and corporate banking software products for commercial banks, central banks, and clearing houses. Its offerings cover payments hubs, instant/real-time gross settlement, automated clearing house processing, electronic check clearing, electronic bill presentment and payment, corporate banking suites, and regulatory/dispute management. Revenue is generated primarily through enterprise software licensing plus deployment, integration, consulting, and training services.
Is ProgressSoft Corporation a public or private company?
ProgressSoft Corporation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ProgressSoft Corporation founded?
ProgressSoft Corporation was founded in 1989. It employs 251 to 500 people.
Where is ProgressSoft Corporation based?
ProgressSoft Corporation is headquartered in Amman, Jordan, in the Middle East region.
How does ProgressSoft Corporation make money?
Two revenue lines are on record. Enterprise Software Licenses are the primary driver. The others are professional Services.
Who are ProgressSoft Corporation's main competitors?
Direct peers on record are ACI Worldwide, Temenos, OpenWay, BPC Banking Technologies and Volante Technologies. Broad incumbents are FIS (Fidelity National Information Services), Fiserv and Worldline. Emerging players are Thought Machine and Mambu.
Does ProgressSoft Corporation have an API?
No public API is recorded for ProgressSoft Corporation.
What industry is ProgressSoft Corporation in?
ProgressSoft Corporation's product category is Payment Infrastructure Software. Its primary akta.pro industry code is FSAMACAL, Developer Tooling & SDKs for Payments (Gateway Tooling). Its NAICS code is 522320 and its SIC code is 7372.