About QKS Group
QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://qksgroup.com/
QKS Group has recognized HPS as a technology leader in its 2024 SPARK Matrix™ for Merchant Payment Platforms.
Casablanca, 9 May 2025. QKS Group has recognized HPS as a technology leader in its 2024 SPARK Matrix™ for Merchant Payment Platforms. The SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. HPS was chosen for its scalable, secure, and innovative payment solutions that empower merchants to streamline operations and enhance customer payment experiences.
QKS Group defines a Merchant Payment Platform as a unified solution that aids merchants in electronically accepting and managing payments, payouts, disbursements, settlements, and subscriptions, as well as resolving disputes, combating fraud, and complying with regulations. It delivers end-to-end payment processing Unified and Composable Experiences (in-store, online) across multiple digital channels, supporting multi-currency and multi-lingual capabilities.
“HPS’s PowerCARD platform exemplifies technical innovation with its fully cloud-native, microservices-based architecture,” says Pradnya Gugale, Senior Analyst at QKS Group. “Its robust API ecosystem empowers seamless integration, facilitating real-time payment orchestration, fraud detection, and advanced reporting. The platform's ability to handle complex merchant hierarchies, dynamic settlement configurations, and multi-currency processing equips businesses to scale efficiently.”
Nabil Ibenbrahim, Managing Director Market at HPS
“This industry-leading recognition underscores our commitment to providing innovative, scalable, and secure payment solutions. We continuously strive to push the boundaries of payment technology, driving value, simplifying merchant operations, and supporting our clients' evolving needs.”
The Merchant Payment Platform market is rapidly growing
The Merchant Payment Platform market is rapidly growing, driven by the shift to digital payments, eCommerce expansion, and demand for secure solutions. Merchants increasingly seek platforms with omnichannel capabilities, real-time processing, and support for diverse payment methods. The market is evolving with trends like embedded finance, BNPL, and cryptocurrency payments.