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9/18/25, 4:30 PM Mastercard collaborates with HyperPay to transform the region’s business payments landscape – Executive Bulletin
and unlock greater efficiency in their financial operations. HyperPay also received the Electronic Money Institute
(EMI) license approval to support digitizing SME payments.

“With thriving digital economies being built on the foundation of an innovative payments’ ecosystem, our

collaboration with HyperPay aims to empower merchants, SMEs and the wider business community with game-
changing commercial cards that safeguard their futures and foster economic growth. In Saudi Arabia, where 93%

of SMEs are confident about the year ahead and 99% already accept digital payments, the timing could not
be more pivotal,” said Saud Swar, Country Manager – Saudi Arabia, Bahrain, Jordan and other Levant,

Mastercard.

“Since 2022, we have worked closely with Mastercard to accelerate the digital transformation of the payment’s
ecosystem in the region. Our latest collaboration marks another a significant step forward on our collective

journey towards regional growth, enabling merchants and enterprises to enhance business performance with a
range of innovative payment solutions,” said Muhannad Ebwini, Founder & CEO, HyperPay.

The collaboration will enable SMEs to achieve greater resiliency, stability and long-term prosperity, supporting
businesses to accept payments more efficiently and deliver digital commercial experiences.

The new commercial cards will be launched in Saudi Arabia and then rolled out across the UAE and Qatar.

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About Mastercard www.mastercard.com

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with

our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of
digital payments choices, making transactions secure, simple, smart and accessible. Our technology and

innovation, partnerships and networks combine to deliver a unique set of products and services that help people,
businesses and governments realize their greatest potential.

AAPN AYACHE & ASSOCIATES MASTERCARD

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