#Hps powercard series#
This vignette is part of a sponsored series demonstrating the value of SAM (the French acronym for African Microfinance Week), a major conference dedicated to financial inclusion in Africa. The SAM steering committee members are: ADA, Luxembourg’s Ministry of Foreign and European Affairs, the Microfinance African Institutions Network, the African Rural and Agricultural Credit Association and the Fédération des APSFD de l’Union Economique et Monétaire Ouest Africaine. The PowerCARD suite is fully integrated with all international payment networks, and it supports all major back-office payments functions.ĪDA, an NGO based in Luxembourg, co-organizes SAM every two years with the support of Luxembourg’s Ministry for Development Cooperation and Humanitarian Affairs. The mission of HPS is to provide its clients with innovative technology solutions that transcend the entire payments value chain, enabling them to innovate rapidly and bring new products to market with ease and efficiency. In fact, I wish a future SAM will be organized very soon in Morocco.”Įstablished in 1995, HPS is a leading card and payment technology company with over 400 clients in 90 countries. In summary, Mr Asri says, “In 2019, SAM will be key to my commercial strategy. They will be able to use it to access bitcoin, which they then can spend on drinks provided by HPS.
#Hps powercard download#
For example, it will show off its HPS PAY solution by letting participants download the app to test its mobile payment tools. The firm also is looking into creating a “Fintech Village,” a larger space inside the Innovation Fair where HPS can feature all of its activities, products and innovations. Mr Asri (pictured third from left) said, “ I am so happy with my participation that I am renewing my partnership with SAM as a ‘Silver’ sponsor to maximize awareness of our work.” At the 2019 SAM in Ouagadougou, HPS is considering running an exhibit booth throughout all five days of SAM, rather than just on the day of the Innovation Fair. Mr Asri also emphasized the potential for digital tools to improve the productivity of MFIs’ agents.Īs a result of its involvement with SAM, HPS has joined the Microfinance African Institutions Network (MAIN), a member of the SAM steering committee, in order to maintain and expand its networking with SAM attendees. A large number of MFIs were able to contact us and learn more about the competitive advantages of our products.” He added that MFI leaders were most interested in how digitizing could help reduce operating costs and how flexible the products could be. He explains, “We were able to design according to our marketing needs. In addition to speaking at SAM, Mr Asri managed a demonstration booth on the fourth day of the event. An agreement to roll the service out to most of Alafia’s members is currently under negotiation. To date, three Alafia members have tested PowerCARD Microfinance, which offers pay-as-you-go pricing to manage functions such as client transactions, internal finances, services provided via agents, Shariah-compliant products, field staff using mobile devices and third-party services such as insurance. Mr Asri called SAM “a great opportunity for us to meet dozens of MFIs in Africa and present to them our activity and our products.” These meetings led to HPS signing a memorandum of understanding with Consortium Alafia, a network of 44 MFIs in Benin. During the “Innovation Fair” of the most recent SAM, Mohamed Asri of Morocco-based payment solutions provider HPS spoke about his firm’s microfinance strategy, including its suite of PowerCARD tools.
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