Riyadh - Sharikat Mubasher: The global provider of digital banking and payment technology, TPS Worldwide, partnered with AstroLabs, the leading business expansion platform, to expand its operations in Saudi Arabia.
Through this expansion, TPS Worldwide will provide localized and custom-tailored solutions while enhancing its ability to serve a diverse client base across the Middle East, South Asia, Africa, and Europe, according to the company’s statement.
This expansion perfectly aligns with TPS Worldwide’s commitment to introducing a suite of advanced services to empower banks, fintech firms, government entities, and small and medium-sized enterprises (SMEs) in the region.
It offers a wide range of advanced services, including banking-as-a-service (BaaS), digital lending solutions, managed services and tech operations, skill augmentation, cybersecurity and risk management, AI-driven digital transformation services, and supply chain digitization.
Alex Nicholls, Director of Expansion at AstroLabs, stated that TPS Worldwide’s expansion in the Kingdom aligns with the objectives of the Financial Sector Development Program (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,” Nicholls added.
For his part, Shahzad Shahid, Group CEO of TPS Worldwide, said that the expansion reflects the company’s commitment to delivering innovative solutions that empower government entities, financial institutions, corporates, fintech firms, and SMEs in the Kingdom.
“From digital transformation to specialized IT services, payments, and open banking to cybersecurity and AI, our goal is to drive growth, efficiency, and transformation across sectors,” Shahid elaborated.
Serving over 100 clients globally, TPS Worldwide offers a full suite of solutions, including wallet management, card issuance, digital banking applications, instant payments, open banking, and merchant acquiring.
