Morocco-based Attijariwafa Bank has selected HPS, a provider of electronic payments solutions, to help it in the implementation of a new industrial multi-bank electronic payment platform.
The platform is compliant with market standards and meets the regulatory requirements and local specifications of the 11 subsidiaries of the bank in 10 countries including Cameroon, Senegal, Ivory Coast, Congo, Gabon, Mali, Mauritania, Togo, Niger, and Burkina Faso, Finextra reported.
This new platform has been designed to expand the product and services offering, reduce time to market, enhance quality of service as well as cut costs and increasing profitability.
Attijariwafa Bank executive director Ismail Douiri said: "Our regional development plan aims to position Attijariwafa Bank as a catalyst for opportunities between operators in Africa, Europe and the Middle East.
HPS Group CEO Mohamed Horani said: "We are committed to assisting Attijariwafa bank group in implementing its international development strategy, by providing it with our PowerCARD solutions, as well as our global expertise in over 80 countries worldwide."
PowerCARD includes the entire electronic payments value chain, acquisition, issuing and switching, on a single platform. It also delivers enhanced user convenience and significantly reduces the costs and time linked to the launch of new products.