Hightech Payment Systems (HPS), a Moroccan leader in the publishing of electronic payment solutions, is establishing itself in Singapore in order to strengthen its relationship with customers in the Asian market.

In a statement published on the Casablanca Stock Exchange website, the listed company reports that the new location in Singapore will support the group’s expansion and development strategy on the Asian continent, in addition to its offices in Casablanca, Paris, Aix-en-Provence, and Dubai.

The Asian market is the most dynamic in the electronic payment industry. Over the past few years, HPS has continued to grow significantly in this region, registering an increasing number of customers, the company said.

After studying numerous business centers in Asia, HPS chose Singapore, one of the world’s major financial centers, “for its strategic positioning to support the Group’s development strategy on the continent,” HPS explained.

HPS is a multinational specializing in the publishing of electronic payment solutions for financial institutions, processors, and national, regional, and worldwide switches.

PowerCARD solutions, used by more than 350 issuers, buyers, and switches, cover the entire value chain of electronic payment, and manage all types of cards (credit, debit, prepaid, business, loyalty and fuel) via any channel whether GAP, TPE, Internet, or mobile.

PowerCARD solutions are used in more than 85 countries on five continents by companies with many references in the Fortune 500 and The Forbes World’s Biggest Companies.

HPS has been listed on the Casablanca Stock Exchange since 2006 and now has more than 400 engineers and experts based in Casablanca, Dubai, Paris, Aix-en-Provence, and Singapore.

Source: BNA