Page 26 - HYPERPAY PR REPORT - SEPTEMBER 2025

9/25/25, 10:17 AM HyperPay, Mastercard, and Mozn Join Forces to Drive Digital Payments Innovation in MENA – africupdate.com

HyperPay, Mastercard, and Mozn Join Forces to Drive Digital

Payments Innovation in MENA

Charissa Swanepoel
Last updated: September 23, 2025 5:02 pm

Johannesburg: AfricUpdate – News Desk

HyperPay, a leading payment service provider in the MENA region, signed strategic Memorandums of Understanding
(MoUs) with Mastercard and Mozn at Money20/20 Middle East 2025, held in Riyadh. These partnerships are set to
significantly advance digital payments innovation and improve transaction security across Saudi Arabia, the UAE, and
Qatar.

The agreements represent a significant milestone for HyperPay, strengthening its position in leading the region’s financial
technology development and supporting broader initiatives under Saudi Vision 2030 to boost fintech adoption and create a
secure digital economy.

In partnership with Mastercard, HyperPay will issue business cards tailored to the needs of small and medium-sized
enterprises (SMEs) and merchants across Saudi Arabia, the UAE, and Qatar. These cards are designed to provide scalable,
secure, and future-proof payment solutions for businesses. This collaboration comes after HyperPay’s recent approval of
its Electronic Money Institute (EMI) license from the Saudi Central Bank (SAMA), enabling the company to digitize
SME payments more effectively.

https://africupdate.com/hyperpay-mastercard-and-mozn-join-forces-to-drive-digital-payments-innovation-in-mena/ 1/2