Page 31 - HyperPay PR REPORT - JANUARY 2025

Back in March 2023, HyperPay announced its intention to go public through an initial public offering
(IPO) in Saudi Arabia by 2025. The move came as part of the company’s expansion plans within the
Saudi Arabian and MENA fintech markets, with it intending to become the preferred payment tool
for organisations globally by having its product and service offerings diversified.

Latest news from HyperPay

Obtaining the licence from SAMA comes after HyperPay started a collaboration with Capital Bank
to provide simplified and secure payment gateway services for merchants. The two companies
signed a collaborative agreement to offer customers and merchants in the MENA region optimised
services, with them planning to focus on the acceleration of their development processes while
also meeting the demands and preferences of users in the market.

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