HPS acquires the Mauritius payment processor ICPS

Payment system provider HPS has acquired all of the remaining shares in processing company ICPS from Mauritius Commercial Bank (MCB).

HPS snapped up the remaining 80% of the ICPS

ICPS, a payment processor for regional banks and telecommunications companies in East Africa and beyond, claims it handles 30 customers and 10 million transactions a month.

Founded in 2008, ICPS was a partnership between MCB and HPS, the latter with a minority stake of 20%.

ICPS systems are based on …

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