HPS

What HPS does

Hightech Payment Systems (HPS), headquartered in Casablanca, Morocco and listed on the Casablanca Stock Exchange under ticker 9600, is a payment solutions provider serving banks, card processors, independent sales organisations (ISOs), retailers, and national and regional payment switches. Its PowerCARD platform is in production at more than 500 institutions across 95+ countries and processes card and electronic payment transactions end-to-end, from issuance through authorization, clearing, settlement, fraud monitoring, and analytics. The customer base spans retail and corporate banks as well as payment infrastructure operators in Africa, the Middle East, Asia, Europe, the Americas, and Oceania. The company employs 1001-5000 people and traces its origins to 1995.

PowerCARD is a modular suite organised around the full payment value chain, with discrete modules for card issuance (PowerCARD-Issuer), transaction routing (PowerCARD-Switch), ATM management (PowerCARD-ATM), fraud monitoring (PowerCARD-Fraud), merchant acquiring (PowerCARD-Acquirer), extended POS (PowerCARD-xPOS), ACH processing (PowerCARD-ACH), 3D Secure authentication (PowerCARD-eSecure), business intelligence dashboards (PowerCARD-BI), tokenisation, and digital wallets (PowerCARD-Wallet), alongside a Retailer Open Payment Platform for merchants. The latest generation, PowerCARD V4, is a cloud-native architecture positioned to help incumbent banks compete with fintech challengers and incorporates AI-assisted fraud monitoring. Selected modules hold PA-DSS certification and Verified by Visa and MasterCard SecureCode compliance, providing the regulatory credentials required for live payment deployments. The company has broadened its footprint through acquisition, most notably the August 2024 acquisition of Dublin-based CR2 Limited, which added over 90 banks across 50+ countries and a stronger foothold in Africa and Australia, following earlier acquisitions of ICPS (February 2021) and IPRC (January 2021).

HPS generates revenue primarily through software licensing and, increasingly, recurring SaaS contracts on the cloud-native PowerCARD V4 platform. In FY 2025, SaaS and recurring revenue reached 72.3% of total sales — the highest mix in the company's history — alongside traditional on-premise licensing. Distribution is enterprise-direct, targeting Tier-1 banks, processors, ISOs, and switches globally. FY 2025 revenue reached MAD 1,551 million (up 22.3%), EBITDA was MAD 286 million (up 30%), net profit rose more than 40%, and the backlog grew 89% year-on-year to MAD 1,672 million, providing strong revenue visibility into 2026, for which the company has guided 12-17% organic revenue growth.

Name

HPS

Legal name

Hightech Payment Systems

Website

https://hps-worldwide.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hightech Payment Systems (HPS) is a Casablanca-listed Moroccan payments software company whose PowerCARD platform provides end-to-end card issuing, acquiring, switching, fraud, and analytics solutions to 500+ banks, processors, ISOs, retailers, and switches across 95+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Sidi Maarouf

HQ country

Morocco

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. SaaS/Subscription Revenue: Recurring SaaS revenue from cloud-native PowerCARD platform licensing, representing 72.3% of total sales in FY 2025 - the highest proportion in company history. Shift to SaaS-led model driving 22.3% revenue growth.
2. Software Licensing: Traditional software licensing for on-premise deployments alongside SaaS offerings

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HPS provides the PowerCARD comprehensive payment processing platform that covers the entire payment value chain through an omni-channel solution, processing transactions from any channel via any means-of-payment. The offering includes modules for card issuing, payment switching, ATM management, fraud monitoring, merchant acquiring, ACH processing, 3D Secure authentication, business intelligence, and tokenization. In 2024, HPS expanded its capabilities through the acquisition of CR2 Limited, a digital banking software provider.

Product overview

HPS is an innovative payment solutions company providing the PowerCARD comprehensive suite of solutions covering the entire payment value chain. The platform operates as a unified platform with multiple integrated modules including: PowerCARD-Issuer, PowerCARD-Switch, PowerCARD-ATM, PowerCARD-Fraud, PowerCARD-WebPublisher, PowerCARD-Wallet, PowerCARD-Acquirer, PowerCARD-xPOS, PowerCARD-ACH, PowerCARD-eSecure, PowerCARD-BI, and PowerCARD-Tokenisation, plus the Retailer Open Payment Platform. PowerCARD enables omni-channel payment processing for issuers, acquirers, card processors, ISOs, retailers, and national & regional switches, used by more than 500 institutions in over 95 countries. In 2024, HPS acquired CR2 Limited, a digital banking platform powering 90+ banks in 50+ countries, further expanding its digital banking capabilities in Africa and Australia.

Differentiator

Problem solved

Functional benefit

Brands

• PowerCARD: Comprehensive payment solutions suite covering the entire payment value chain including card issuing, switching, ATM management, fraud monitoring, acquiring, and mobile payments

Products and services

• PowerCARD

Quantifiable outcome

• Revenue growth of 22.3% to MAD 1,551 million in FY 2025, exceeding all guidance targets
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature13 records

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Marqeta: Marqeta is an emerging modern card-issuing platform targeting fintechs and challenger banks — a partial-overlap adjacent player that competes for next-generation issuance deals versus PowerCARD-Issuer, particularly with digitally native customers.
• Thought Machine: Thought Machine provides cloud-native core banking technology and competes for bank digital transformation mandates — overlapping with the CR2 platform that HPS acquired and increasingly competing for the same cloud-migration wallet share.
• Mambu: Mambu provides cloud-based core banking SaaS to challenger banks and fintechs — comparable in cloud-banking philosophy to PowerCARD V4 and competing for similar Tier-2/3 bank cloud-migration deals, particularly in emerging markets.

Broad incumbents

• Fiserv: Fiserv is a global fintech incumbent providing merchant acquiring, card issuing and core banking platforms — its Clover, Carat and Output Solutions portfolios directly compete with PowerCARD modules at scale.
• NCR Atleos: NCR Atleos (spun from NCR) provides ATM software, network management and payment-switching services directly overlapping with PowerCARD-ATM and PowerCARD-Switch for financial institutions globally.
• FIS (Fidelity National Information Services): FIS is a global incumbent in financial technology, offering card issuing, switching, ATM management, fraud and merchant acquiring — its Worldpay and Issuer Solutions overlap directly with PowerCARD's modules though FIS serves many adjacent fintech verticals.

Direct peers

• Temenos: Temenos provides core banking and payments software to 3,000+ banks globally — directly comparable to HPS's combined digital-banking + payments offering post-CR2 acquisition, serving similar Tier-1/2/3 bank customers.
• Jack Henry & Associates: Jack Henry provides payment processing, card services and core banking software to US community and regional banks — directly comparable to HPS's regulated-banking customer target with overlapping Issuer, Switch and Fraud product modules.
• ACI Worldwide: ACI Worldwide provides real-time electronic payment processing software to banks, processors and merchants globally — directly competing with PowerCARD's Issuer, Switch, Acquirer and Fraud modules across the same regulated-banking customer base.

Regional players

• Newgen Software: Newgen Software provides payment, account opening and process automation solutions to banks across Middle East, Africa and Asia — a regionally comparable player competing in adjacent emerging markets to HPS's core footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hps-worldwide
• Xx.com/HPS_worldwide

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HPS