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9/18/25, 4:29 PM Mastercard collaborates with HyperPay to transform the region’s business payments landscape
Mastercard collaborates with HyperPay to

transform the region’s business payments

landscape

Mastercard and HyperPay will join forces to issue commercial cards in Saudi Arabia,

the United Arab Emirates and Qatar

September 17, 2025

Saud Swar, Country Manager – Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard, and Muhannad Ebwini, Founder &
CEO, HyperPay. Image Courtesy: Mastercard

One of the most impactful collaborations shaping the future of fintech in the region, Mastercard has

joined forces with HyperPay, the leading payment gateway provider in the Middle East and North
Africa (MENA), to accelerate the digital transformation of Saudi Arabia’s commercial payments
landscape.

The collaboration will see Mastercard and HyperPay drive the modernization of business payments
across the region, with the two entities joining hands to issue commercial cards in Saudi Arabia and
other key markets, including the United Arab Emirates and Qatar.

Mastercard and HyperPay aim to empower businesses across the region with seamless access to
secure, scalable, and future-ready commercial card offerings that drive growth and support the needs
of a rapidly evolving digital economy. Leveraging Mastercard’s global reach, payment expertise and

innovative technology, the collaboration will empower merchants and Small and Medium-sized
Enterprises (SMEs) to streamline expense management 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

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