HIGHTECH PAYMENT SYSTEMS S.A. February 16, 2015
Casablanca, Morocco 11 February 2015: HPS, a leading payment software company providing electronic payments solutions, announced today that Banque Populaire will now be using the PowerCARD solution to process electronic payment transactions of all of its subsidiaries in Africa.
The partnership between Banque Populaire and HPS dates back to 2001 when the
PowerCARD solution was implemented to manage all Moroccan electronic
payment activities of the Group that offers today a comprehensive card payment
service with almost 4 million cards issued and a network of more than 1,500
ATMs.
This strategic partnership was strengthened when Banque Populaire Group
choses the PowerCARD solution in November 2014 to manage all the electronic
payment activities for all the banks in its subsidiary, namely, Banque Atlantique
present in Benin, Burkina Faso, Ivory Coast, Mali, Nigeria, Senegal, and Togo.
"We have a longstanding partnership with HPS and are delighted to extend this to
include Banque Atlantique through the emergence of the first pan-African payment
platform in Morocco," commented Hassan Debbagh, Deputy Managing
Director, Banque Populaire, "PowerCARD is the perfect solution for our Group,
because its flexibility enables our subsidiaries to serve the specific needs of their
local customers while still consolidating our pan-African payments platform; which
was first designed to serve our Sub-Saharan African subsidiaries before
processing other banks' payment activities".
The consolidation of all electronic payment activities onto a single PowerCARD
platform at the cutting edge of technology now enables Banque Populaire to
reduce its costs and improve not only its efficiency, but also the competitiveness of
its electronic payment service in Morocco and its subsidiaries in Sub Saharan
African countries.
"Africa has an important place in our international expansion strategy. We are
delighted to see Banque Populaire Group development in Africa and are honoured
to support the Group with our international experience spanning over 70 countries
on 4 continents", said Mohamed Horani, President and CEO of HPS.
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About BCP
• Almost 4 million cards (First Moroccan card issuer)
• The largest ATM network in Morocco with more than 1500 ATM
• A large processing capacity with more than 200 millions authorizations in
2014
• Certified payment activity:
o ISO 9001 version 2008 since 2005
o PCI-DSS: this certification enables the bank to fulfil the
requirements of the international schemes (Visa, MasterCard,
American Express, JCB, and Discover) in terms of cardholders'
data security.
For more information, visit: www.gbp.ma
About us
HPS is a leading payment software company providing electronic payment
solutions for financial institutions and processors as well as national and regional
switches all around the world. Through our suite of PowerCARD solutions, which
are used by more than 320 issuers, acquirers and national switches, we process
any card type (credit, debit, prepaid, corporate, loyalty and fuel) via any channel
(ATM, POS, internet and mobile) for any kind of merchant.
HPS operates in over 72 countries in 4 continents and our clients include some of
the top 100 financial institutions worldwide. For more information, please visit
www.hps-worldwide.com.
HPS contacts
Abdeslam Alaoui Smaili
Managing Director
Tel: +212 529 045 000
Email: abdeslam.alaoui@hpsworldwide.
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