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1/16/25, 4:37 PM HyperPay Obtains License from the Saudi Central Bank to Expand Digital Payment Services in the Kingdom | Web Release
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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