Page 41 - HyperPay PR REPORT - JANUARY 2025
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1/16/25, 4:34 PM HyperPay secures Saudi digital payment services license
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
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