Explore all articles related to the Article category: projects, expertise, innovations, and key highlights from the group in Morocco and internationally.
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The rapidly expanding prepaid card industry is becoming extremely competitive. The marketplace is dominated by the likes of big industry names. From a bank perspective, however, having the ability to launch new card products is a good opportunity to differentiate in such a crowded market.
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The global payments landscape is undergoing a significant transformation with the advent of faster payment systems. In the United States, initiatives like Visa Direct and the Federal Reserve's FedNow Service are leading this change, while Canada's upcoming Real-Time Rail (RTR) system is set to complement existing payment infrastructures. These developments are set to transform the way customers make payments, enabling faster, more convenient, and seamless transactions while also introducing new expectations for speed and accessibility.
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In software engineering, the documentation is essential: it provides all the necessary information for a better understanding of the software.
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The evolution of behavioural biometrics and its promising application in the area of payments.
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Popularity over the use of digital wallets keeps growing; in 2023, digital wallets accounted for 50% of e-commerce transactions. But what does the take-up of digital wallets, and the transition to cashless payments, look like in different parts of the world?
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The history of Artificial Intelligence (AI) started centuries ago with myths, stories and rumours of artificial beings endowed with intelligence or consciousness.
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Singles’ Day, Black Friday, Cyber Monday, Boxing Day… How to provide the best payment services during peak season?
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Buy Now, Pay Later (BNPL) is projected to be the world’s fastest-growing payment method in coming years as e-commerce payment preferences continue to shift away from cash and credit cards towards alternative payment options.
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The use of mobile wallets and non-traditional payment methods is a growing trend. Could this unprecedented demand for new payment methods mean that mobile wallets will eclipse the need for cash forever?
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In today's interconnected digital world, data sovereignty plays a vital role due to the frequent transmission of data across borders and its storage in servers located in different countries. With the increasing digitization of financial transactions and the global nature of payment services, ensuring data sovereignty has become paramount.
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While global retailers and merchants are on one hand examining how to reduce payment processing fees, on the other hand they are having to provide an omnichannel retail approach of selling through multiple channels via an integrated unit.
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Today, the largest banking groups in the world result from consolidation, merger or acquisition over the years of several banks across different markets.
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In just a few short months Africa has seen momentous change in its payment infrastructure, with initiatives from both private and public institutions.
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The United Nations recognises financial inclusion as a catalyst for economic growth and a fundamental element of its sustainable development goals for the year 2030. Hence, reinforcing financial inclusion plays a crucial role in addressing different societal issues, including economic growth, employment, poverty mitigation as well as income equality across both developed and developing nations.
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Earlier in the year, the updated version of the Payment Services Directive (PSD2) entered into force.
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HPS attended “Seamless West Africa” in Ghana, a major banking and fintech event in the region. Abdeslam Alaoui Smaili, Managing Director at HPS, presented the convergence of payment means for financial inclusion, with a focus on Africa.
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ATM machines can be found anywhere and account for more than 3 million units currently in use all over the world.
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The importance of providing top-notch guidance through training to empower payment software platform customers to reach the highest levels of autonomy.
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In today’s ever-evolving world, banks and financial institutions need to adapt and constantly offer new payment products and services. To do so, they need to rely on a powerful yet flexible platform that could support their requirements, both for today and for tomorrow.
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It is always tricky to try to define the absolute best way to do something. However, when it comes to payments, the ecosystem has a pretty good understanding of what it means to be better.
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By updating payment settlement solutions and acquiring additional consumer information, fuel retailers have a better chance of optimising the consumer behaviour shifts that have occurred over the past few years.
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Buy Now, Pay Later is transforming how people finance purchases and how businesses structure payment offerings.
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HPS participated to the SPARK Matrix Vendor Guide evaluation and ranked “SPARK Leader”.
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A few seconds or less is now the time it takes to receive a payment. Today, many countries have implemented (or are currently implementing) instant payment systems, to enable real-time electronic fund transfer interbank.
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As technology advances, so does innovations in payment systems. While payments used to be simpler, the advent of internet and technology has brought new ways of making transactions and accessing our finances. Indeed, internet has opened the doors to digital currencies.
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Africa’s payment landscape is evolving rapidly, driven by innovation, increased digital adoption, and the need for secure, efficient financial solutions. Over the last year, the continent has embraced transformative trends while preparing for emerging opportunities that promise to reshape how payments are made and managed.
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Retail is no longer what it used to be, and neither is the payment landscape that has undergone drastic changes to adapt to this ever-evolving environment. But as this payment landscape evolves, so does fraud which can now take different shapes and forms.
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Tokenization has undergone a remarkable evolution in recent years, transforming from a mere PCI compliance tool into a strategic payments technology that powers the future of digital commerce. Today's financial industry relies on tokenization as the backbone of secure, seamless, and intelligent payment experiences across the digital landscape.
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As we look back on 2020, what have we learnt from this unprecedented year?
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To adapt to this ever-evolving environment, merchants need to offer a smooth and omnichannel shopping experience to their customers.
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As payment ecosystems fragment across markets and channels, large merchants face rising complexity, higher costs, and reliability risks. Discover how payment orchestration restores control, performance, and scalability in a multi-rail world.
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In Today’s digital world, Tokenisation is a leading technology and a reference when it comes to digital payments for banks, retailers, payment processors, etc. It is the process of securing data by replacing it with a generated number called a token.
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A use case of financial inclusion using mobile payment technology.
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In an online and cashless society, there has never been a more important time than now for banks to move their API strategy to the next level.
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Financial institutions need to implement the latest technologies that can handle a range of highly sensitive data, while keeping it safe and secure at all times. Financial institutions are under pressure to develop secure payment systems and providing the best customer experience.
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In today's fast-paced technological landscape, sticking with legacy systems can leave financial institutions lagging behind. With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game.
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ATMs have changed the face of banking, allowing customers of financial institutions to perform financial transactions 24/7, such as cash withdrawals, account information queries, deposits, fund transfers.
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HPS provides simple, secure and seamless solutions using a mobile application that improves the autonomy of blind and visually impaired people.
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Today banks and financial institutions are discovering how outsourcing can empower overworked and underworked resources in order to cut costs and bring added value for investors and customers.
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As technology advances, people seek faster, more reliable, secure, and more convenient methods to access various banking services such as fund transfers, withdrawals, and deposits 24/7.
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The global card issuing industry is predicted to go from strength to strength over the next few years. The global payments market is projected to grow at a CAGR of 10.5%, reaching USD 4.78 trillion by 2029. Meanwhile, payment cards in circulation worldwide are expected to increase from 26.71 billion in 2023 to 29.99 billion by 2028.
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Government-backed payment systems have been gaining significant traction globally in recent years, reshaping the landscape of digital payments and financial transactions. This trend is fragmenting the global payments system, with various countries developing their own unique solutions tailored to their specific needs and goals.
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PowerCARD, the next generation Card Management System and Authorization Server to launch Numberless Cards.
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Artificial intelligence is transforming the payments industry at pace, and the scale of AI in payments is now impossible to overlook. McKinsey's 2025 Global Payments Report identifies AI as one of three structural forces redefining the sector, alongside fragmentation and the rise of tokenised money.
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Credit card fraud is a pressing issue for consumers, merchants, banks and card providers, costing a total of $32 billion in 2021 alone. This number is expected to swell to $38.5 billion by 2027, primarily fueled by an increased reliance on online shopping.
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In a world where acronyms are key to communication, let us first define what QR code stands for: it is the acronym for Quick Response Code, a method of representing data in a visual, machine-readable form.
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FinTechs have become an integral part of our everyday vocabulary. For several years now, the rise of FinTechs has been the trigger of an extensive debate : Should these new players be considered as competitors to the existing banks and the traditional services they offer, or should they be considered as their partners?
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Card issuers are facing significant challenges in today’s rapidly evolving payments landscape. A recent study by Deloitte highlights how regulatory scrutiny on credit card late fees is intensifying, notably impacting profitability in a sector where fee income generates over US$100 billion for US payments companies. With late fees contributing 15% to credit card issuers' profitability, the pressure to evolve is mounting.
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Europe’s payment landscape is known to be complex for numerous reasons. It has been characterised with a wide spectrum of payment systems, from cash, cheques, to cards, with more than 50% of the financial transactions in Europe made in cash.
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Constant change in the North American payments landscape is a given, yet the COVID-19 pandemic has accelerated a shift to more modern channels. A recent survey from McKinsey shows that US consumers are increasing their use of digital payments in a variety of ways, which can lead to a variety of new opportunities for providers.
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The rapid evolution of Open Banking continues to reshape the global financial landscape, with adoption rates reaching 12-15% of households across the UK, Brazil and the US, according to new data. This transformation is evidenced by the availability of 987 Open Banking products worldwide specifically for loans and lending-based solutions.
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Cashless payments have evolved a lot over the years. It started with simple cheques, and now we are witnessing an array of new cashless payment methods.
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According to a report published by Beroe, the global corporate card market is expected to witness an annual growth rate of 7.3% between 2020 and 2026, while its projected market size in 2020 represented $32.3 billion. This considerable growth is due to multiple factors: businesses’ shift towards non-cash payment for a better visibility and control over their capital, but also merchants' acceptance of receiving globally adopted network providers such as Visa or Mastercard.
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Today, most of the banks aspire to meet their consumers’ ever-evolving needs by becoming digital banking leaders.
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HPS participated to the SPARK Matrix Vendor Guide evaluation and ranked “Technology Leader”.
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Today's payments companies face a growing threat as criminals use artificial intelligence (AI) to create increasingly sophisticated scams. Fraudsters now use deepfakes, create fake identities, and run automated phishing attacks to bypass security systems that used to work well. The costs are staggering – fake (or synthetic) identity fraud alone is expected to cause $23 billion in losses across the U.S. by 2030. Looking at overall fraud numbers, 2023 saw reported losses top $10 billion, up 14% from 2022.
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Since the launch of RTP systems, new, faster payment methods have become available, such as Account-to-Account (A2A) payments.
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In the dynamic landscape of the Asian payments industry, a palpable shift is underway - one characterized by the rapid adoption of digital payment solutions. As we navigate the complexities of 2024, it becomes increasingly evident that traditional payment methods are gradually giving way to more digital alternatives.
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Financial inclusion in developing countries has recently increased due to digital acceleration. It is also commonly accepted that the pandemic has helped push the appetite for digital money forward. The digitisation of money has had a positive impact on faster and more efficient financial inclusion as a result.
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As we look back on 2021, what have we learnt from these last 12 months?
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Abdeslam Alaoui, CEO of HPS, talks about 2020 predictions and the two trends that will have huge ramifications to Verdict – Electronic Payments International.
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As AI reshapes the future of contactless payments, financial institutions face rising fraud risks and operational complexity. Discover how intelligent automation, real-time security solutions are redefining the tap-and-go era.
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Tokenization has undergone a remarkable evolution in recent years, transforming from a mere PCI compliance tool into a strategic payments technology that powers the future of digital commerce. Today's financial industry relies on tokenization as the backbone of secure, seamless, and intelligent payment experiences across the digital landscape.
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The global demand for Sharia-compliant financial products and services is showing robust growth. In 2023, the industry's assets were estimated at around $4.5 trillion, with significant contributions from countries like Saudi Arabia, Malaysia, and Kuwait.
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Over 2022, we have observed a number of major trends in the payment industry and have grouped them into three themes: simplicity of payments; seamless transactions; and security of payment ecosystems.
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HPS attended the “nexo standards 2019 annual conference” in London, 23-24 September. This leading event gathers major stakeholders from across the entire payments ecosystem to discuss the latest trends, developments and challenges in the market.