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1/13/25, 1:28 PM HyperPay Secures Licence From Saudi Central Bank, in Aim to Support Regional Digital Transformation | The Fintech Times
economic growth by facilitating payment processes and simplifying
business transactions.
This move is part of SAMA’s strategy to support the financial
technology sector, as the bank continues to work toward enhancing the
effectiveness and flexibility of the financial sector in the Kingdom. It
also aims to encourage innovation and improve the experience of
financial transactions, aligning with its goals of increasing financial
inclusion and providing financial services to various segments of
society.
In recent years, the electronic payment sector in Saudi Arabia has
enjoyed significant growth, driven by government investments and
rapid technological advancements. Through its new licence, HyperPay
reaffirms its commitment to working with SAMA to enhance the
infrastructure of modern financial services and support the digital
payment ecosystem, contributing to facilitating payment processes, as
well as improving user experiences in the Kingdom.
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