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1/16/25, 4:35 PM Latest News
HyperPay Obtains License from the Saudi Central
Bank to Expand Digital Payment Services in the
Kingdom
10/01/2025
09 January 2025- In a move that strengthens the diversification and development of the financial sector in the
Kingdom of Saudi Arabia, 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
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