Page 72 - HyperPay PR REPORT - JANUARY 2025

1/16/25, 4:38 PM Saudi Central Bank licenses "HyperPay Inc. Saudi Arabia for Information Systems Technology" to operate
Saudi Central Bank licenses "HyperPay Inc. Saudi Arabia for

Information Systems Technology" to operate

Mubasher 31/12/2024 22:59 Translated by Like
Tadawul All Shares Index +0.36%

Riyadh - Mubasher: The Saudi Central Bank (SAMA) announced licensing HyperPay Inc. Saudi Arabia for Information Systems
Technology to practice payment services via e-wallet, bringing the total number of companies currently licensed to practice
payment services in the Kingdom to 27.
This decision comes within the framework of the Saudi Central Bank’s efforts to support and empower the payments sector;

to raise the level of effectiveness and flexibility of financial transactions, and encourage innovation in the financial services
provided; with the aim of enhancing the level of financial inclusion, and the access of financial services to all segments of
society.

The Saudi Central Bank stressed the importance of dealing with licensed or authorized financial institutions, which can be
verified by visiting the Central Bank’s website.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the
translation.
*Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and
originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment
advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.

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