Page 52 - HyperPay PR REPORT - JANUARY 2025

1/16/25, 4:35 PM Latest News
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."
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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