Page 21 - HyperPay PR REPORT - JANUARY 2025

1/13/25, 1:28 PM HyperPay Secures Licence From Saudi Central Bank, in Aim to Support Regional Digital Transformation | The Fintech Times
HyperPay, a payment gateway operating in the

Middle East and Northern Africa (MENA), has

secured a digital payment licence from the Saudi

Central Bank (SAMA).

With its newly obtained licence, HyperPay can now operate digital

payment services via an electronic wallet in the Kingdom of Saudi

Arabia. The fintech aims to support the transition to a less cash-

dependant society by launching a range of payment solutions and

financial services. SAMA also says that the move looks to help

strengthen the diversification and development of the financial sector

in Saudi Arabia.

Muhannad Ebwini, founder and CEO of

HyperPay, says the licence reflects the firm’s

ongoing efforts to expand its operations and offer

services more widely. “Through this step, we aim to

enable businesses to benefit from secure and

seamless payment services, in line with the goals of Muhannad
Ebwini, founder
Saudi Arabia’s Vision 2030 to improve the
and CEO of
efficiency of the financial system and support HyperPay

digital transformation,” he added.

Ebwini also emphasised the company’s commitment to innovation by

developing advanced financial services, which supports national

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