Page 19 - HyperPay PR REPORT - JANUARY 2025

1/14/25, 2:22 PM HyperPay Obtains License From SAMA To Support Development Of Financial Services Ecosystem In KSA | Crowdfund Insider
It also aims to support innovation and improve the overall experience of monetary transactions,
accelerating financial inclusion and offering financial services to different segments of society / users.

On the sidelines of its participation in Seamless Saudi Arabia 2024, HyperPay had partnered with ACI

Worldwide in order to enable (artificial intelligence) AI-powered payment capabilities throughout the
region.

In 2023, the firm had revealed its initial public offering (IPO) plans within two years in order to scale up
business operations across the MENA region.

Globally, rising inflation, a higher cost of living, and slower wage growth are impacting the lives of

people right around the world.

A recent report suggested that many consumers are turning to physical cash to help manage their
finances amid the cost-of-living crisis.

But Muhannad Ebwini, founder and CEO of MasterCard-backed HyperPay, believes that Fintech

solutions are better equipped for dealing with this issue.

He argues that the diverse range of fintech solutions available on the market today, including loans,
credit cards and buy-now-pay-later solutions, provide greater purchasing power and personalized
support in the event of emergencies.

In an interview with Crowdfund Insider, Muhannad shared insights on how consumers can use fintech

solutions to improve their finances during these difficult times. He also discussed the steps fintech
companies can take to help those hardest hit by the cost-of-living crisis.

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