Casablanca, 20 May 2025 – QKS Group has named HPS a technology leader in its 2024 SPARK Matrix™ for Card Management Systems. The SPARK Matrix™ analyses vendors based on technology excellence and customer impact. HPS's PowerCARD platform enables seamless issuance and management of credit, debit, and prepaid cards across multiple channels (ATM, POS, mobile, online). Its multi-currency, multi-product, and multi-institution capabilities offer flexibility for managing global card portfolios through Unified and Composable Experiences. PowerCARD's robust rule-based engines, back-office support, and integrated fraud and risk management enhance operational efficiency and regulatory compliance.

QKS Group defines CMS as software solutions managing the entire card lifecycle, including billing, multi-payment types (mobile, contactless), account management, clearing, settlement, credit scoring, dispute resolution, microfinance, and merchant servicing. It also supports corporate card issuance and expense management.

"HPS offers a comprehensive platform for financial institutions to transform their card management operations," says Sriram S R, Senior Analyst at QKS Group. "PowerCARD enables efficient issuance and processing across multiple channels, leveraging its global reach and flexible architecture. With multi-currency, multi-product, multi-institution, and multi-language support, along with robust fraud and risk management, HPS addresses critical challenges. Its customizable card products and real-time data insights empower organizations to innovate and enhance customer engagement."

Nabil Ibenbrahim, Managing Director Market at HPS, said: “This industry-leading recognition reflects our focus on providing innovative solutions that enable financial institutions to streamline card issuance, enhance security, and drive operational efficiency. With PowerCARD, we empower our clients with advanced capabilities like real-time data insights, multi-currency support, and seamless integration.”

The CMS market is a cornerstone of the global payments’ ecosystem. Modern platforms incorporate advanced technologies like multi-currency support and multi-payment capabilities (NFC, contactless, mobile). Innovations in automation, virtual cards, and expense management enable ERP integration, real-time tracking, and regulatory compliance. AI, ML, and security technologies further strengthen CMS platforms. As the market continues to evolve, CMS solutions will expand API-driven interoperability, support embedded finance, and integrate blockchain to provide financial institutions with even more flexibility.