Page 24 - HyperPay PR REPORT - JANUARY 2025

1/13/25, 1:28 PM HyperPay Secures SAMA License to Lead Saudi Digital Payments
Supporting Financial Innovation and Inclusion
The licensing of HyperPay reflects SAMA’s broader strategy to bolster the financial technology (fintech) sector in Saudi Arabia. By
fostering innovation and improving the adaptability of the financial system, SAMA aims to enhance the overall experience of financial
transactions. This initiative is also a step toward promoting financial inclusion and ensuring access to services for diverse segments of
society.

HyperPay’s efforts to expand its capabilities align with SAMA’s objectives of creating a dynamic and inclusive financial environment.
The introduction of an electronic wallet is expected to provide consumers and businesses with efficient, secure, and versatile payment
options.

Collaboration and Technological Advancements
At Seamless Saudi Arabia 2024, HyperPay announced a strategic collaboration with ACI Worldwide to introduce AI-powered payment
innovations across the region. This partnership underscores HyperPay's commitment to leveraging cutting-edge technology to
streamline payment processes and enhance the digital payment ecosystem.

By integrating artificial intelligence, the company aims to provide businesses with smarter, more adaptive solutions that cater to
evolving consumer preferences and market demands.
Related: Breaking Barriers: Women in the Tech Industry

Expansion Plans and Future Growth

In 2023, HyperPay revealed its intentions to pursue an initial public offering (IPO) within the next two years. The IPO is expected to
provide the company with the resources to expand its operations across the MENA region further.
HyperPay’s growth strategy underscores its dedication to staying ahead in a rapidly evolving fintech landscape. By securing a SAMA
license and collaborating with global technology leaders, the company is well-positioned to play a pivotal role in shaping the future of
digital payments in Saudi Arabia and beyond.

Transforming the Payment Landscape
HyperPay’s recent achievements highlight its commitment to transforming the financial services landscape in the region. With support
from SAMA and strategic collaborations, the company aims to deliver innovative and secure payment solutions that meet the needs of
businesses and consumers alike.
As the Kingdom continues to embrace digital transformation under the Vision 2030 framework, HyperPay’s initiatives will likely
contribute significantly to the modernization and diversification of the financial sector.

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