Société Générale selects HPS for payments power in Africa

Wednesday 13 February 2019 10:02 CET | News

Société Générale has announced teaming with payments company HPS to improve the payment processing activities for ten African subsidiaries.

HPS representatives have stated that the company plans to bring its PowerCARD software suite in a Software-as-a-Service (SaaS) model covering the payment value chain and all international and domestic schemes to enable Société Générale to launch electronic products on the market.

Africa is a key market in Société Générale’s growth strategy, the bank says. Operating in 19 African countries, the bank has 4.1 million customers, including 150,000 businesses. The project will initially focus on the migration of Société Générale’s electronic payment operations in Africa to HPS Platform for Cards Issuing, PoS and ATM acquiring activities.

For more information about HPS, please check out a detailed profile of the company in our dedicated, industry-specific online company database.

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Keywords: Société Générale, HPS, partnership, Africa, payments, banking, payment processing, B2B payments, PowerCARD software, HPS Platform for Cards Issuing, PoS and ATM acquiring
Countries: World