Page 58 - HyperPay PR REPORT - JANUARY 2025

1/16/25, 4:36 PM HyperPay obtains approval from SAMA for operations
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.

This move is part of the Saudi Central Bank’s
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(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.

Muhannad Ebwini, Founder and CEO of
SAMA approves licenses

HyperPay, said that, “We are proud to have
for 2 financial services
received this license from the Saudi Central
providers
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.”

Ebwini further 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 support national economic growth by facilitating payment processes and

simplifying business transactions.

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