Pakistan, March 4th, 2025 – TPS Worldwide proudly announces its certification for PCI SSF, assessed by Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA). This certification recognizes TPS Worldwide successful adherence to the Secure SLC Standard and the Secure Software Standard, two key security frameworks that ensure the highest standards of data protection and security in the payment processing industry.
Left to Right: Salman Khwaja (Security Architect, TPS), Kashif Hassan (MD, Risk Associates), Ovais Khan (COO,TPS), Aziz A. Rahim (COO, Risk Associates), Nofal J. Awan (Head of PM, TPS), Omair Khan (VP of Engineering, TPS)
A Momentous Milestone in Secure Payment Systems
At a ceremony held at TPS Worldwide Head Office, Kashif Hassan, Managing Director of Risk Associates, presented the PCI SS and PCI SSLC certification to Ovais Khan, COO at TPS. This achievement reflects TPS Worldwide continuous commitment to ensuring the integrity and security of its payment systems, safeguarding sensitive cardholder data from evolving cyber threats.
Shahzad Shahid, Group CEO of TPS Worldwide, on this occasion, added:
“TPS security posture is unmatched in our software industry. Achieving PCI-SS and PCI-SSLC certifications mark a key milestone in our security roadmap. However, we remain committed to continuous improvement, leveraging the best tools and practices to safeguard our clients and stakeholders.”
Sharing his perspective on this achievement, Kashif Hassan stated:
“It’s been an absolute pleasure for Risk Associates to certify TPS Worldwide for both the Secure SLC Standard v1.1 and the Secure Software Standards v1.2. This is a testament to their unwavering dedication to maintaining the highest levels of security throughout their operations. The process has been rigorous, and TPS has demonstrated exceptional diligence and focus in ensuring their systems meet global standards. We are confident that their customers will benefit from this commitment to data security.”
Aziz A. Rahim, Chief Operating Officer of Risk Associates, added:
“This achievement highlights the critical role security plays in the modern payment ecosystem. By becoming PCI SS compliant and securing certifications for the SLC and SSF frameworks, TPS worldwide has further cemented its position as a trusted provider in the payment processing sector. Their commitment to safeguarding data is evident, and this certification further assures their clients of the security of their transactions.”
TPS Worldwide’s PCI SSF certification marks a significant milestone in its ongoing mission to provide secure, innovative, and reliable digital payment solutions. By meeting these globally recognized security standards, TPS reaffirms its dedication to protecting sensitive financial data and maintaining the trust of its customers and partners.
About TPS Worldwide:
TPS Worldwide is a global leader in digital payments and financial technology solutions, empowering banks, fintech’s and financial & Non-financial institutions with innovative, secure and scalable systems. With over 28 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 Risk Associates:
Risk Associates is a leading management systems certification body accredited by UKAS that provides ISO/IEC 27001 certifications. It also offers assessments against various standards, including Payment Card Industry standards such as PCI DSS, PCI SSF, PCI PIN, PCI 3DS, and C.S.A., Offensive security testing services such as Penetration Testing, Vulnerability Scans, Red Teaming, Managed Services, SOC I, and II. With a legacy spanning two decades, Risk Associates is committed to mitigating risks and delivering comprehensive compliance, testing, audits, and certifications.
