HPS, a global provider of payment solutions, today announced the signing of two major agreements with leading Asian financial institutions ranked among the Top 100 and Top 200 banks worldwide.

Each contract is valued in the tens of millions of US dollars and will be deployed in an On-Premise model, enabling HPS to recognize significant revenue and EBITDA contributions as early as 2025. Starting 2H 2025.

Both agreements are based on PowerCARD V4, the latest generation of HPS’s flagship platform, designed to deliver next-generation performance, agility, and security. Both projects involve the deployment of HPS technology to modernize globally their payment platforms across the most dynamic and demanding markets in Asia-Pacific, serving 500+ millions population.

Abdeslam Alaoui Smaili, CEO of HPS, commented:

“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.”

Building on several other large contracts signed in Asia over the past years, these new wins further strengthen HPS’s position as a serious leader in the region, with strong credibility and visibility among Tier-1 banks and financial institutions. Asia is today the largest and most dynamic market in the payments industry, and HPS is increasingly recognized as a partner of choice for leading institutions across the region.

These On-Premise projects are fully consistent with HPS’s long-term SaaS transition strategy. The Group’s strategy remains focused on expanding its SaaS offering; however, HPS continues to provide its customers with flexibility and choice in deployment models. The signature of large On-Premise contracts contributes to mitigating the short-term financial impacts of the SaaS transition on revenue growth and profitability, while reinforcing the long-term sustainability of HPS’s business model.