Page 30 - HyperPay PR REPORT - JANUARY 2025

HyperPay secures licence from SAMA to scale

digital payments in Saudi Arabia

Friday 10 January 2025 13:43 CET | News

Payment gateway provider in the MENA region HyperPay has announced that it secured a licence
from the Saudi Central Bank (SAMA) to advance the development and optimisation of the financial
sector in the region.

The move falls in line with HyperPay’s strategy to support the digital payment market, with the
company being set to operate digital payment services through an economic wallet in Saudi Arabia.

HyperPay’s expansion in Saudi Arabia

This achievement comes as part of SAMA’s plans to assist the financial technology sector, as the
regulator continues to focus its efforts on scaling the efficiency and flexibility of the financial
landscape in the region. At the same time, providing HyperPay with the licence plans to facilitate
advancement and optimise the experience of financial transactions, supporting financial inclusion
and offering financial solutions to several segments.

Furthermore, commenting on the news, representatives from HyperPay underlined that this step
enables their company to allow businesses to benefit from secure and simplified payment services,
while also considering the objectives set out by Saudi Arabia’s Vision 2030 to scale efficiency in the
financial system and support digital advancement.

https://thepaypers.com/payments-general/hyperpay-secures-licence-from-sama-to-scale-digital-
payments-in-saudi-arabia--1271688