TPS Worldwide Expands to Saudi Arabia via AstroLabs to Drive Payments Innovation and Digital Transformation Across Industries

TPS Worldwide, a global provider of digital banking and payment technology, has announced the expansion of its operations to Saudi Arabia. This expansion is made possible with the support of AstroLabs, the Gulf's leading business expansion platform, which will provide strategic guidance and local market expertise.

With over 28 years of experience and a presence in more than 30 countries, TPS is a trusted partner in the industry. They empower banks, fintechs, corporates, governments, and financial institutions with secure, scalable, and innovative systems. Their solutions, including wallet management, card issuance, digital banking applications, instant payments, open banking, and merchant acquiring, bundled with various digital transformation services, have been serving 100+ clients globally, demonstrating their expertise and commitment to excellence.

Saudi Arabia has become the latest market for TPS's direct on-the-ground presence. This expansion allows TPS to deliver solutions that are specifically designed to meet the unique needs and regulatory requirements of the Saudi market, while enhancing its ability to serve a diverse client base across the Middle East, South Asia, Africa, and Europe.

Commenting on the launch of TPS Worldwide in Saudi Arabia, Alex Nicholls, AstroLabs' head of expansion, said: "We are thrilled to join 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 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."

Shahzad Shahid, the Group CEO of TPS Worldwide, reaffirms our commitment to the Kingdom with the expansion of our operations in Saudi Arabia. This move is driven by the growing demand for information technology and professional services, and it aligns perfectly with Vision 2030, the Kingdom's ambitious vision for the future.

As we expand our presence in the Kingdom, we are excited to deliver innovative solutions that empower government entities, financial institutions, corporates, fintechs, and SMEs. 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, bringing a new wave of possibilities to the industry.

As part of its expansion strategy, TPS is focused on providing localized 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, fintech companies, government entities, and SMEs in the region, including;

●Banking-as-a-Service (BaaS): Offering fully integrated digital banking services, from seamless onboarding to account management, payments, and lending.

● Digital Lending Solutions: Enabling SMEs to access capital more easily through efficient digital loan application and approval processes.

● Managed Services and Tech Operations: Providing comprehensive IT infrastructure management to ensure operational efficiency and system reliability for financial institutions and businesses.

●  Skill Augmentation: Offering specialized talent in software development, cloud management, cybersecurity, AI, and digital transformation, enabling organizations to scale their IT operations.

●  Cybersecurity and Risk Management: Delivering end-to-end cybersecurity solutions to safeguard critical financial data, enhance compliance, and mitigate risks.

● AI-Driven Digital Transformation Services: Helping organizations modernize their operations by integrating AI, cloud, and automation technologies to increase efficiency and improve customer experiences

●  Supply Chain Digitization: Digitizing traditional supply chains, embedding digital payments and financial services within the value chain of corporations, manufacturers, distributors, and retailers. By leveraging ERP integration, workflow automation, and contextual data insights, TPS helps businesses streamline their operations, improve cash flow management and payment reconciliation, and drive greater efficiency across their supply chains.

As Saudi Arabia rapidly transitions towards a digital-first economy under Vision 2030, TPS is poised to play a pivotal role in supporting this transformation. By establishing a direct presence in the Kingdom, TPS aims to leverage its global expertise and innovative solutions to empower local businesses, fintechs, and financial institutions. The combination of Saudi Arabia's robust financial infrastructure, TPS's advanced technology stack, and commitment to innovation creates a strategic synergy that will drive payment innovation, enhance financial inclusion, and accelerate the country's shift towards a cashless economy.

TPS is positioning itself as a key player in the Kingdom's digital revolution and a long-term partner for sustainable growth and digital transformation across industries.