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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 - Middle East News 247

HyperPay Obtains License from the Saudi Central

Bank to Expand Digital Payment Services in the

Kingdom

By News Desk 1 09/01/2025

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
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.”

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