Page 38 - HyperPay PR REPORT - JANUARY 2025

1/16/25, 4:34 PM HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom
benefit from secure and seamless payment services, in line with the goals of Saudi Arabia’s Vision

2030 to improve the efficiency of the financial system and support digital transformation.”

Ebwini added that this license reflects HyperPay’s ongoing efforts to expand its operations and offer
services more widely, contributing to the growth of its customer base and reducing reliance on cash.

He 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.

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