Page 45 - 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
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 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."

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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.

For further information, please contact:
Orient Planet Group (OPG)

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