back Back

HPS announces partnership with Visa

By Leandra Monteiro

September 29, 2022

  • Banking Identification Number
  • BIN
  • Card Payments
Share

Visa, HPSHPS, a global provider of payment solutions and services, announced it has obtained a principal membership license from Visa, which will enable HPS’ clients to join the global Visa payments network.

In addition to HPS’ full processing capabilities, HPS can now offer banks, FinTechs, and institutions who are looking to launch a payment solution, access to Visa’s payments ecosystem through its Banking Identification Number (BIN) sponsorship program.

BIN sponsorship has been picking up pace globally in recent years with the growing number of FinTech companies being launched. Many are looking for both a payment service provider and a sponsor that can offer them a fast and convenient alternative to joining a card scheme, such as Visa, directly.

The extension of HPS’ service offering to include BIN sponsorship, alongside its comprehensive suite of PowerCARD solutions that covers the entire payment value chain, allows HPS to further enhance its offering as part of its one-stop shop strategy.

Abdeslam Alaoui Smaili, CEO of HPS said, “At HPS, our mission has always been to provide our clients with innovative technology solutions that allows them to bring new products to the market with ease and efficiency. We are thrilled to become a Principal Member of the Visa network, a testament to our 30 years’ experience in the industry, and to be able to fast-track our clients into the Visa ecosystem through our new and complete service offering.”

Sami Romdhane, Morocco Country Manager at Visa said, “We are pleased to offer HPS a principal membership license, and support them as a go-to partner for fintechs and big brands looking to launch their card programs. From our long-standing working relationship with HPS, as well as our meticulous application process, we are confident that HPS consistently goes beyond industry standards in providing world-class security and functionality to its clients, and powered by Visa’s network as the driver of innovation in payment solutions, goes beyond responding to market needs, to anticipating them”.

Previous Article

September 29, 2022

Tribe Payments supports Paytend with issuer and acquirer processing services

Read More
Next Article

September 29, 2022

Billings Federal Credit Union selects Scienaptic’s AI-powered platform to enhance credit decisioning

Read More






IBSi Daily News Analysis

May 28, 2024

Banking Identification Number

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinTech CBiGroup secures $15m Series A funding to boost R&D

Read More

Today

Swift launches new cross-border payment tracking solution

Read More

Today

3 FinTechs propelling Contactless Payments Technology in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023