Vantage Payment Systems (VPS), a Moroccan electronic payment firm, has secured an investment from AfricInvest's Financial Inclusion Vehicle (FIVE). This investment aims to support VPS's expansion plans, including the deployment of its TPE acquisition offer, technological investments, and the development of new payment solutions. The investment also marks a new stage in VPS's development, enabling it to strengthen its position in the Moroccan market.
The investment from FIVE will enable VPS to accelerate its strategy of development and reinforce its historical positioning in online payment. The company plans to build an offer that covers all the payment uses of merchants, including proximity payment with its new TPE acquisition offer, e-commerce, and SoftPOS solutions. This move is expected to help VPS expand its presence in the Moroccan market and provide merchants with an integrated experience to manage their payments.
The Moroccan payment market is rapidly evolving, with TPE payments expected to represent around 90% of the electronic payment market by 2025, while online payments account for around 10%. VPS aims to provide merchants with an integrated experience, enabling them to manage their online, point-of-sale, and mobile payments within a single ecosystem. This will be achieved through the development of new products and services, as well as the strengthening of VPS's commercial device.
The investment from FIVE will support VPS's technological investments, product development, and commercial expansion. According to Ali Bettahi, President of VPS, the investment marks an important step in the company's development, enabling it to propose an omnichannel payment experience to Moroccan merchants. The investment will also enable VPS to accelerate its innovation and support more merchants in digitalizing their payments.
FIVE is an investment vehicle dedicated to financial inclusion and the transformation of financial services in Africa. It supports financial institutions and technological companies that expand access to financial services through digitalization and innovation. The investment in VPS is part of FIVE's strategy to support African fintech and payment actors, with a focus on Morocco, which is experiencing sustained economic growth.
The investment also marks a change in VPS's shareholder structure, with Equity Invest, a holding company owned by Ali Bettahi, acquiring 100% of VPS's capital after purchasing the shares of former shareholders. The investment from FIVE will enable VPS to consolidate its position in the Moroccan market and expand its services to merchants.
The partnership between VPS and FIVE is expected to drive growth and innovation in the Moroccan payment market. With the investment, VPS aims to become a leading player in the market, providing merchants with a comprehensive payment solution that covers all their needs. The investment is also expected to create new opportunities for merchants and consumers in Morocco, promoting financial inclusion and digitalization.
Key points
- AfricInvest's Financial Inclusion Vehicle (FIVE) invests in Vantage Payment Systems (VPS) to support its expansion and development of new payment solutions.
- The investment aims to enable VPS to strengthen its position in the Moroccan market and provide merchants with an integrated payment experience.
- The partnership is expected to drive growth and innovation in the Moroccan payment market, promoting financial inclusion and digitalization.
