HPS expands Asian footprint with two major banking contracts

By Vriti Gothi

HPS, a payment software solutions provider, has signed two transformative agreements with Asian financial institutions ranked among the world’s top 100 and Top 200 banks.

Each agreement, valued in the tens of millions of US dollars, will see the deployment of HPS’s latest PowerCARD V4 platform in an on-premises model. This strategic implementation is set to deliver visible revenue and EBITDA contributions as early as the second half of 2025, marking a significant step forward in HPS’s international growth trajectory.

At the heart of these partnerships lies PowerCARD V4, HPS’s next-generation payments platform engineered to meet the demands of high-volume, high-growth markets. Combining advanced agility, resilience, and security, the platform will support the banks’ payment modernisation agendas across Asia-Pacific a region serving a population of over 500 million people and recognised as the fastest-growing market in global payments.

Abdeslam Alaoui Smaili, CEO of HPS, said, “These two strategic wins with top-tier financial institutions represent a significant milestone in our international growth strategy. They highlight the robustness and scalability of PowerCARD V4 and provide strong visibility on revenue and earnings starting in 2025, as we continue to expand our footprint in Asia and reinforce HPS’s position as a global leader in payments technology.”

These latest contracts build on a series of major wins across Asia in recent years, further establishing HPS as a trusted technology partner for Tier-1 financial institutions in the region. As Asia cements its position as the most dynamic hub for payments innovation worldwide, HPS’s strengthened presence underscores its role in shaping the future of digital financial services.

The agreements also align with HPS’s long-term SaaS-led strategy, while reinforcing its commitment to providing banks with choice and flexibility in deployment. By complementing SaaS adoption with large-scale on-premises wins, HPS ensures both the sustainability of its business model and the delivery of near-term profitability, effectively balancing innovation with financial resilience.