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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

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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