Page 109 - HYPERPAY PR REPORT - SEPTEMBER 2025

9/18/25, 4:30 PM Mastercard and HyperPay Partner in Saudi Arabia
“Our latest collaboration marks another significant step forward in our collective journey towards
regional growth, enabling merchants and enterprises to enhance business performance with a range of
innovative payment solutions,” Ebwini said.

Mastercard led a 2022 funding round in which HyperPay raised $36.7 million to expand its payment
services to merchants in the Middle East and North Africa (MENA) region.

When announcing that round, HyperPay said that Ebwini launched the company in 2014 and that
it was offering payment processing services, invoicing, risk and fraud management, and other services
to support small businesses.

The PYMNTS Intelligence and TerraPay collaboration “Global Money Movement: Saudi Arabia Edition”
found that Saudi Arabia has prioritized digital innovation and financial inclusion under Saudi Vision
2030.

Government-backed initiatives, such as the rollout of faster payment systems and the promotion of
FinTech startups, have fueled consumer readiness and enthusiasm for new payment technologies and
made Saudi Arabia a potential blueprint for digital transformation across the Middle East and beyond,
according to the report.

In some other partnerships in the region, Mastercard teamed up with UAE-based supply chain
financing FinTech Fundbot in November, Arab regional payment system Buna in November, and
Saudi financial services startup barq in September 2024.

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