Societe Generale, one of many largest banks in Europe, has chosen HPS worldwide to enhance the fee processing actions of ten African subsidiaries.
HPS affords its PowerCARD software program suite in a SAAS mannequin masking all the funds worth chain and all nationwide and worldwide techniques to allow Societe Generale to launch digital fee merchandise in the marketplace shortly and effectively. effectivity, scale back transaction prices and scale back operational dangers. PowerCARD, a singular built-in software program utilizing fashionable and versatile structure, which is more and more seen as the way forward for the funds business.
By migrating to HPS expertise, Societe Generale can have a single, built-in platform masking all the funds worth chain, accelerating fee innovation and commercializing new merchandise. . That is important at a time when prospects demand quick, simple, digital and uninterrupted fee processing. These expectations are notably noticeable in Africa.
Africa is a key market in Société Générale's progress technique. Current in 19 African nations, the financial institution occupies a singular place within the area, which permits it to supply its shoppers the know-how and know-how of a global financial institution and the proximity of an area financial institution. In Africa, the Group helps native economies and serves four.1 million prospects, together with 150,000 companies.
The venture will initially concentrate on the migration of Société Générale's digital fee transactions in Africa to the actions of the HPS platform for the issuance of playing cards, the acquisition of factors of sale and ATMs.
Samir Khallouqui, Common Supervisor – HPS Processing, commented on the announcement, in these phrases:
"Monetary establishments and companies all over the world are in search of end-to-end fee processing platforms to allow them to create modern new fee providers / merchandise, particularly in rising markets, comparable to 39, Africa, the place the ecosystem of funds is extra digitized. By selecting the HPS remedy platform, Société Générale will have the ability to supply modern fee providers to their prospects, and we’re delighted to accompany them all through this journey. "
Nicolas Revol, Head of Fee Options for Worldwide Retail Banking, at Société Générale declared:
"Following the digital funds revolution is without doubt one of the largest challenges dealing with monetary establishments right now, particularly in Africa. Specifically, it’s to converge the banking universe with that of cellular operators with a purpose to make transactions sooner and even immediately. HPS has participated within the implementation of many pan-African fee platform platforms. Their experience in fee options and their African footprint can be important to help Societe Generale in its innovation and progress momentum in Africa. "