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9/24/25, 11:17 AM HyperPay Strengthens Fintech Collaborations with MoUs at Money20/20 Middle East 2025 - Middle East Business News and Infor…
HyperPay Strengthens Fintech Collaborations with

MoUs at Money20/20 Middle East 2025

September 23, 2025

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.

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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.

Muhannad Ebwini, Founder and CEO of HyperPay, said: “These two landmark partnerships underscore our commitment
to shaping the future of digital payments in the region. Our collaboration with Mastercard is a milestone in HyperPay’s
mission to promote digital inclusion and empower SMEs across Saudi Arabia, the UAE, and Qatar with modern payment
solutions. At the same time, our integration of Mozn’s Focal platform enhances our fraud prevention capabilities and
builds trust with every transaction. Together, these MoUs strengthen our mission to deliver innovative and more secure
payment experiences that will transform the way businesses handle their financial operations in a rapidly evolving
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.

Meanwhile, its agreement with Mozn, a regional leader in enterprise AI technologies, aims to incorporate Mozn’s
innovative Focal platform into HyperPay’s ecosystem. This partnership seeks to enhance fraud prevention and financial
crime compliance across HyperPay’s digital transactions.

These strategic partnerships come at a time of increasing digital adoption in the region. According to Mastercard
insights, 93 percent of SMEs in Saudi Arabia are optimistic about the year ahead, with 99 percent already accepting

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