Riyadh, Saudi Arabia – September 1, 2024
TPS Worldwide announced its official expansion into Saudi Arabia through a strategic partnership with AstroLabs, marking a major milestone in its global growth journey. The move strengthens TPS’s ability to directly engage with banks, fintechs, and regulators in the Kingdom, enabling closer collaboration and faster delivery of cutting-edge digital payment solutions.
By joining the AstroLabs ecosystem, TPS gains a foothold in the Kingdom’s thriving fintech landscape and aligns with the national goals of Saudi Vision 2030, which prioritize digital transformation, financial inclusion, and innovation-led growth.
Shahzad Shahid, Group CEO of TPS, said in the official announcement:
“Saudi Arabia is at the forefront of fintech adoption and digital innovation in the region. Our partnership with AstroLabs will enable us to strengthen our local presence, collaborate with financial institutions, and deliver solutions that align with the Kingdom’s digital transformation agenda under Vision 2030.”
Alex Nicholls, Director at AstroLabs, added:
“We are excited to welcome TPS to Saudi Arabia’s fast-growing fintech ecosystem. With AstroLabs’ platform and community, TPS is well-positioned to accelerate payments innovation and support the Kingdom’s ambition of becoming a leading digital economy.”
The expansion underscores TPS’s commitment to accelerating payments innovation in Saudi Arabia while contributing to the Kingdom’s ambition of becoming a leading digital economy.
About TPS Worldwide
TPS Worldwide is a global leader in digital payments and financial technology solutions, empowering banks, fintechs, and financial institutions with innovative, secure, and scalable systems. With over 29+ years of experience and a presence in more than 30 countries, TPS specializes in wallet management, card issuance, digital banking & apps, instant payments, open banking, and merchant acquiring solutions. Serving 100+ clients, including central banks, commercial banks, telecom operators, and remittance companies, TPS delivers cutting-edge services to enable seamless digital transformation in financial ecosystems.
About AstroLabs
AstroLabs is the leading business expansion platform in the Gulf, propelling high-growth companies across strategic industries. With a decade of supporting economic development in emerging markets, AstroLabs is the partner of choice for over 1,500 companies that have expanded across the region, engaging a vibrant network of 10,000+ market leaders in the UAE and KSA. Bridging key gaps in fundamental industries in the Gulf, AstroLabs designs sector-focused and outcome-driven programs in partnership with government entities and the private sector. AstroLabs is committed to building the future of key sectors, driving market access, and contributing to regional visions like Saudi Vision 2030.
