THE MIDDLE EAST’S

21. 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, including card issuing, credit management, merchant acquiring, mobile payment, ATM and POS management, fraud monitoring, payment analytics, and retail payment. Its flagship suite of solutions, PowerCARD, caters to issuers, acquirers, card processors, independent sales organizations, retailers, mobile network operators, and national and regional switches. PowerCARD is used by over 500 clients across 95 countries. Listed on the Casablanca Stock Exchange since 2006, HPS made $87.3 million in revenues in the first nine months of 2024, with a market cap of $478 million as of February 20, 2025.