Moroccan payment solutions company HPS aims to fuel its growth by acquiring a fintech firm before 2027, according to CEO Abdeslam Alaoui Smaili. The company, which operates in 95 countries, reported a 6.4% increase in 2024 revenue, reaching 1.267 billion dirhams (R2.59bn).
In December, HPS acquired CR2, a Dublin-based digital banking and payment software developer. The company is now exploring further acquisitions, particularly in financial technology, with a focus on innovations such as artificial intelligence, though Alaoui Smaili did not provide further details.
HPS achieved 1.1 billion dirhams (R2.25bn) in total contract value in 2024, marking a 386% increase. The company generates nearly half of its revenue from Africa, with the remainder coming from Europe and the Middle East. In recent years, HPS has expanded its reach to Australia and Canada, with plans to enter the Latin American market.
As part of its strategy, HPS is closely monitoring moves by African central banks to legalize digital currencies (CBDCs), viewing them as an opportunity to boost digital payments and reduce cash circulation. Alaoui Smaili noted that CBDCs would provide additional currency for transactions, further driving HPS’s digital payment systems.
