HPS & Sipay Plus form strategic partnership to expand technological capacity

By Pavithra R

The Sipay Plus payment gateway has announced entering into a new partnership with Hightech Payment Systems (HPS), a multinational provider of payment solutions, for the combination of their innovative electronic payment technologies to maximize the synergies between the two platforms.

Under the partnership, the two companies have decided to exchange their technological capacity and their experience in the payments sector to offer a complete service and to expand the scope of their operations internationally.

“Having signed this strategic alliance with a company like HPS will help us to strengthen our international presence and to cover a much wider field of the payments’ value chain. We will be able to add to our current geographical coverage centred on Europe, the United States and Latin America, new territories in the areas of Africa and the Middle East, thus offering a much more complete service. In an increasingly globalized environment, this presence on four continents will be very beneficial for the ecosystem and, above all, for our customers,” said José Luis Nevado, CEO and founder of Sipay.

Both the companies will exchange technologies between their respective platforms, complementing each other to provide the market with a complete payment solution and greater geographical coverage. The alliance will enable companies to take advantage of all the synergies generated, as well as greater global competitiveness and economies of scale, with important savings in operating costs for international companies.

“This new agreement will take the two companies a little further, generating great synergies and opening up many opportunities in the markets in which the two companies operate. We are convinced that our partnership will provide the markets with innovative and seamless solutions that will simplify the lives of its users,” said Abdeslam Alaoui Smaili, CEO of HPS.

Established since 1995, HPS is an innovative payment solutions company at the forefront of the international payment industry providing payment solutions for issuers, acquirers, card processors, independent sales organizations (ISOs), retailers, and national & regional switches around the world.