Global provider of digital banking and payment technology, TPS Worldwide, has announced the expansion of its operations to Saudi Arabia. It achieved this with the support of AstroLabs, a leading business expansion platform.
TPS, which has over 28 years of experience and a presence in over 30 countries, empowers banks, fintechs, corporates, government and financial institutions with secure, scalable, and innovative systems.
TPS’s solutions include wallet management, card issuance, digital banking applications, instant payments, open banking, and merchant acquiring, bundled with various digital transformation services, serving 100+ clients globally.
Saudi Arabia is the latest market for TPS’s direct on-the-ground presence. This expansion allows TPS to deliver localised, custom-tailored solutions, while enhancing its ability to serve a diverse client base across the Middle East, South Asia, Africa, and Europe.
AstroLabs’ head of expansion, Alex Nicholls said: “We are joining forces with TPS Worldwide to bring its unique services that are bound to unleash the new wave of banking and financial services nationwide, aligning perfectly with the goals of the Financial Sector Development Programme (FSDP) and Vision 2030.
“It marks a key milestone in its continued growth and a commitment to empowering companies in Saudi Arabia with the right tools and technologies that help them mitigate risks, streamline payment processes, and stay ahead of the curve of digital advances.”
Group CEO of TPS Worldwide, Shahzad Shahid, said: “TPS’ expansion of operations in Saudi Arabia reflects our commitment to the kingdom, driven by the growing demand for information technology and professional services in alignment with Vision 2030.”
“As we expand our presence in the kingdom, we are focused on delivering innovative solutions that empower government entities, financial institutions, corporates, fintechs, and SMEs. From digital transformation to specialised IT services, payments, and open banking to cybersecurity and AI, our goal is to drive growth, efficiency, and transformation across sectors,” Shahid added.
As part of its expansion strategy, TPS is focused on providing localised solutions that align with the nation’s Vision 2030 initiative. In addition to its core offerings, TPS is committed to introducing a suite of advanced services to further empower banks, fintechs, government entities, and SMEs in the region.
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