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HyperPay gets nod to expand digital payments in

Saudi Arabia

NOHA.GAD

Jan 9, 2025

Riyadh - Sharikat Mubasher: HyperPay, a pioneering online payment gateway headquartered in
Riyadh, obtained a license from the Saudi Central Bank (SAMA) to expand and operate digital
payment services via an electronic wallet in Saudi Arabia.

This license marks a significant move in enhancing HyperPay’s position in the growing digital
payments market in the Kingdom, the company announced in a press release today.

This move came as part of SAMA’s strategy to support the fintech sector, as the bank continues to
work toward enhancing the effectiveness and flexibility of the financial sector in the Kingdom.

Commenting on this achievement, Muhannad Ebwini, Founder and CEO of HyperPay, said:
“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."

https://en.sharikatmubasher.com/news/article/21461572/hyperpay-gets-nod-to-expand-digital-
payments-in-saudi-arabia?companyNews=0