Pak Ambassador Farooq inaugurates new office of TPS Arabia
TPS Arabia, the Saudi arm of TPS Worldwide, today announced its launch in the Kingdom with the inauguration of its new office in the King Abdullah Financial District (KAFD) in the Saudi capital city--a key milestone in the company’s regional expansion and its commitment to Saudi Arabia’s rapidly evolving digital economy. The glittering ceremony organized to launch TPS, a leading provider of white-labelled payments and digital banking platforms as well as technology services, was graced by Ahmad Farooq, ambassador of Pakistan, as the chief guest.
“TPS Arabia is a key step in our journey to work even closer with clients in the Kingdom,” said Shahzad Shahid, Group’s chief executive officer, TPS Worldwide. “With our proven digital banking and payments platforms, technology consulting, AI driven digital transformation and managed services, we are ready to help institutions innovate, scale, and deliver secure customer experiences in line with the objectives of ambitious Saudi Vision 2030.”
Speaking on this occasion, Ahsan Saeed, managing director of TPS Arabia stated, “With TPS Arabia now based in Riyadh, we’re ready to supercharge innovation for banks, fintechs, corporates, and government entities--driving next-generation payments and AI-powered transformation across the Kingdom.” Ambassador Ahmad Farooq congratulated TPS on the milestone, noting that the launch of TPS Arabia reflects Pakistan’s growing global technology footprint and will deepen collaboration between the two nations in financial innovation and digital transformation.
From its Riyadh base, TPS Arabia will offer banks, financial institutions, and fintechs a full suite of solutions including payment card processing, digital wallets, real-time payments, open banking, and payment orchestration backed by local delivery, implementation, and managed services. Beyond the financial sector, TPS Arabia will also support corporates, businesses, and government entities with AI-driven digital transformation services--spanning robotic process automation (RPA), governance, risk & compliance (GRC), and skill augmentation--delivered locally and at any scale.
The TPS is a leading provider of white-labelled payments and digital banking platforms as well as technology services to clients across the Middle East, Africa, and Asia. The company’s platforms power card issuing, acquiring, digital channels, real-time payments, open banking and digital wallets for institutions of all sizes. TPS Arabia is the regional entity of TPS Worldwide, headquartered in Riyadh’s King Abdullah Financial District (KAFD).
The TPS will focus on the Kingdom’s fast-growing market. The company partners with banks, enterprises, and fintechs to deliver secure, compliant, and scalable financial solutions alongside AI-driven digital transformation services tailored to the needs in Saudi Arabia. The TPS can be an important player in Saudi Arabia, which has achieved remarkable milestones in the fields of digital economy, artificial intelligence, data centers, and digital government as part of the targets set by Saudi Vision 2030, solidifying its position as a regional and global digital powerhouse.
According to the Saudi Vision 2030 Report, the size of Saudi digital economy has reached approximately SR495 billion, contributing 15 percent to the national GDP, clearly reflecting the sector’s accelerated growth. Furthermore, the ICT market continued its momentum, surpassing SR180 billion by 2024, driven by the expansion of private sector investments and the growing culture of innovation, thereby consolidating its position as the largest technology market in the region. The Kingdom today ranks 4th globally in the Digital Service Index, 2nd among G20 countries, and first regionally.
