THE MIDDLE EAST’S

23. HPS

Description: Card and payment technology company
Headquarters: Morocco
Date of Establishment: 1995
Founders: Mohamed Horani, Abdeslam Alaoui Smaili, Samir Khallouqui, Driss Sabbahe

HPS provides payment solutions and services for issuers, acquirers, card processors, independent sales organizations, retailers, mobile network operators, and national and regional switches. Its suite of solutions, PowerCARD, is used by more than 500 users in over 90 countries. HPS is listed on the Casablanca Stock Exchange and has offices located in Africa, Europe, Asia, America, and the Middle East. It opened offices in Canada and India in 2023. HPS’s market cap reached $434 million as of March 4, 2024, with revenues growing by 17% in 2023 to $117 million.