Page 50 - HyperPay PR REPORT - JANUARY 2025
P. 50
1/16/25, 4:35 PM HyperPay Obtains License from the Saudi Central Bank to Expand Digital Payment Services in the Kingdom - Middle East Busines…
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.
Share this:
https://mid-east.info/hyperpay-obtains-license-from-the-saudi-central-bank-to-expand-digital-payment-services-in-the-kingdom/ 2/2
