HPS Completes the Acquisition of IPRC

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HPS Group announces the completion of the acquisition of IPRC, announced on July 9^th. Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and IPRC proceeded on January 7^th , 2021 to the signing of the reiterative deed of sale related to 100% of the shares of the company IPRC.

As a reminder, IPRC supervises more than 5,500 ATMs on behalf of thirty banks in Morocco and Africa, manages the electronic payment fraud of more than 7 million cards banking and supervises almost half of the Moroccan electronic payment flow.

Objectives of the operation

The arrival of IPRC in HPS Group will strengthen our processing offer by combining PowerCARD solution in outsourced mode of new services with high added value. Thus, customers of the Group will be able to continue to develop and consolidate their electronic payment offers while relying on a strong expertise in hosting and operating their electronic payment platform, for the supervision of the activity of their ATMs and for the fraud supervision of their bank cards.

Finally, the strong geographic scope of HPS Group, as well as its recognition over many markets, will quickly develop IPRC offers internationally to accelerate its growth and its development.

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