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1/16/25, 4:34 PM HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom
January 9 2025
HyperPay Obtains License From the Saudi Central Bank to
Expand Digital Payment Services in the Kingdom
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The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi
Arabia for Information Systems Technology to operate digital payment services via an electronic
wallet in the Kingdom. This license marks an important step in enhancing the company’s position in
the growing digital payments market in Saudi Arabia.
HyperPay is a leading company in the financial technology sector, aiming to support the transition
to a less cash-dependent society by offering innovative payment solutions and advanced financial
services that meet market needs and future aspirations.
Muhannad Ebwini, Founder and CEO of HyperPay said, said: “We are proud to have received
this license from the Saudi Central Bank, which represents a significant milestone in enhancing our
leadership in the electronic payment sector. Through this step, we aim to enable businesses to
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