HPS relocates South Africa office to Cape Town
HPS, the leading global provider of payment solutions, today announced its plans to move its South Africa office to Cape Town as it looks to expand its team and support new business growth. This is a natural step for HPS as the company has seen sustained growth in the county, alongside its clients and the wider market.
HPS opened its Johannesburg office in 2018 to establish a presence in South Africa’s rapidly evolving payments sector. The country is home to some of Africa’s leading banks and financial institutions and has become a leading fintech destination globally in recent years. Cape Town currently accounts for 75 per cent of the country’s venture capital deals largely in the fintech, SaaS and e-commerce sectors and of the core fintech subsectors, payments is currently the most heavily funded.
Abdeslam Alaoui Smaili, CEO of HPS, commented “In recent years, South Africa has become fertile ground for innovation in the fintech, payments, and banking sectors. Since opening our Johannesburg office four years ago, we’ve seen tremendous growth in the market and moving our office to Cape Town will enable us to better support our existing customers in South Africa, while also take full advantage of all the opportunities the country has to offer.”