Page 36 - HyperPay PR REPORT - JANUARY 2025

1/16/25, 4:34 PM Latest Saudi News Updates from KSA Today
also emphasized the company’s commitment to innovation by developing advanced financial services,
which supports national economic growth by facilitating payment processes and simplifying business
transactions.

This move is part of the Saudi Central Bank’s (SAMA) 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.

It is worth noting that the electronic payment sector in the Kingdom has witnessed significant growth in
recent years, driven by government investments and rapid technological advancements. Through this
license, HyperPay reaffirms its commitment to working with the Saudi Central Bank to enhance the
infrastructure of modern financial services and support the digital payment ecosystem, contributing to
facilitating payment processes and improving user experiences in the Kingdom.

https://ksatoday.net/hyperpay-obtains-license-from-the-saudi-central-bank-to-expand-digital-payment-services-in-the-kingdom/ 2/2