The official launch of TPS Arabia marks a major milestone in Saudi Arabia’s rapidly advancing digital economy. As the Saudi arm of TPS Worldwide, the company inaugurated its new office in the King Abdullah Financial District (KAFD), signaling its commitment to supporting banks, fintechs, corporates, and government entities in line with Saudi Vision 2030.
TPS Arabia Expands to Support Saudi Vision 2030
With the opening of its Riyadh office, TPS Arabia is set to work closely with local institutions to accelerate digital banking, payment innovation, and AI-powered transformation. The launch event was graced by H.E. Ahmad Farooq, Ambassador of Pakistan to the Kingdom of Saudi Arabia, highlighting the significance of cross-border collaboration in technology and financial services.
Shahzad Shahid, Group CEO of TPS Worldwide, emphasized that TPS Arabia represents a step toward empowering clients in the Kingdom with secure, scalable, and innovative customer experiences. By combining proven digital banking platforms with advanced consulting and managed services, TPS aims to align closely with Saudi Arabia’s national strategy for economic diversification.
Services Offered by TPS Arabia
The Riyadh-based TPS Arabia will deliver a broad range of services designed to modernize the financial and corporate ecosystem. These include:
- Payment card processing to ensure secure and seamless transactions.
- Digital wallets for next-generation customer convenience.
- Real-time payments that enhance speed and reliability across financial institutions.
- Open banking solutions to support innovation and compliance with global financial standards.
- Payment orchestration services backed by localized delivery and managed support.
Beyond the financial sector, TPS Arabia also plans to empower corporates and government entities with AI-driven digital transformation solutions, including robotic process automation (RPA), governance, risk and compliance (GRC), and skill augmentation.
Why TPS Arabia Matters for Saudi Arabia’s Economy
The introduction of TPS Arabia comes at a pivotal time when Saudi Arabia’s digital economy is expanding at an unprecedented pace. According to official reports, Saudi Arabia’s fintech market is projected to reach $33 billion by 2026, driven by government support, increased digital adoption, and the rapid rise of e-commerce.
By establishing its base in Riyadh, TPS Arabia positions itself at the heart of this transformation. With localized expertise and a strong regional presence, the company is ready to support the Kingdom’s journey toward becoming a global hub for digital finance and innovation.
TPS Arabia Strengthens Pakistan-Saudi Collaboration
Another notable aspect of the TPS Arabia launch is the strengthening of Pakistan-Saudi relations in the technology sector. Ambassador Ahmad Farooq highlighted that this milestone reflects Pakistan’s expanding global technology footprint and opens new doors for collaboration in financial innovation.
This partnership not only underscores Pakistan’s growing role in digital transformation but also aligns with Saudi Arabia’s efforts to diversify its economy under Vision 2030. By leveraging talent and expertise from both nations, TPS Arabia creates a unique bridge between the two countries in advancing digital solutions.
AI and Next-Gen Payments: The Future Vision of TPS Arabia
As technology evolves, TPS Arabia aims to lead in driving AI-powered banking and payment solutions. The company’s focus on AI-driven transformation, coupled with real-time financial services, sets the stage for the next generation of customer experiences. From secure payments to compliance-driven digital ecosystems, TPS Arabia is strategically positioned to meet the growing demand for innovation across sectors.
Moreover, the company’s ability to deliver managed services and large-scale implementation locally ensures faster adoption of digital solutions, reducing reliance on external providers and enhancing security within the Kingdom.
About TPS Worldwide
TPS Worldwide, the parent company of TPS Arabia, is a leading provider of digital banking and white-labeled payment platforms across the Middle East, Africa, and Asia. Its platforms are widely recognized for powering card issuing, acquiring, digital wallets, open banking, and real-time payments for institutions of all sizes.
With decades of expertise, TPS Worldwide has built a reputation for helping clients innovate, scale, and thrive in an increasingly digital-first financial environment. Now, with the launch of TPS Arabia, the company brings this global experience to the Kingdom, tailored to local needs and opportunities.
The launch of TPS Arabia in Riyadh represents more than just an office opening—it is a catalyst for digital transformation in Saudi Arabia’s financial and corporate sectors. By offering innovative payment platforms, AI-driven services, and managed solutions, TPS Arabia is set to play a central role in advancing the Kingdom’s digital economy in alignment with Vision 2030.
With strong backing from TPS Worldwide and support from regional stakeholders, TPS Arabia stands ready to redefine the future of payments and digital banking in Saudi Arabia.
