Casablanca, 9 May 2025. QKS Group has recognized HPS as a technology leader in its 2024 SPARK Matrix™ for Merchant Payment Platforms. The SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. HPS was chosen for its scalable, secure, and innovative payment solutions that empower merchants to streamline operations and enhance customer payment experiences.

QKS Group defines a Merchant Payment Platform as a unified solution that aids merchants in electronically accepting and managing payments, payouts, disbursements, settlements, and subscriptions, as well as resolving disputes, combating fraud, and complying with regulations. It delivers end-to-end payment processing Unified and Composable Experiences (in-store, online) across multiple digital channels, supporting multi-currency and multi-lingual capabilities.

“HPS’s PowerCARD platform exemplifies technical innovation with its fully cloud-native, microservices-based architecture,” says Pradnya Gugale, Senior Analyst at QKS Group. “Its robust API ecosystem empowers seamless integration, facilitating real-time payment orchestration, fraud detection, and advanced reporting. The platform's ability to handle complex merchant hierarchies, dynamic settlement configurations, and multi-currency processing equips businesses to scale efficiently.”

Nabil Ibenbrahim, Managing Director Market at HPS, said: “This industry-leading recognition underscores our commitment to providing innovative, scalable, and secure payment solutions. We continuously strive to push the boundaries of payment technology, driving value, simplifying merchant operations, and supporting our clients' evolving needs.”

The Merchant Payment Platform market is rapidly growing, driven by the shift to digital payments, eCommerce expansion, and demand for secure solutions. Merchants increasingly seek platforms with omnichannel capabilities, real-time processing, and support for diverse payment methods. The market is evolving with trends like embedded finance, BNPL, and cryptocurrency payments.