Page 16 - HyperPay PR REPORT - MARCH 2025

3/18/25, 8:51 AM HyperPay Introduces Tap-on-Phone Payment Solution for UAE Businesses
HyperPay Introduces Tap-on-Phone Payment Solution for UAE

Businesses

The Saudi-based fintech firm enables UAE businesses to accept contactless payments directly on smartphones, eliminating the need for POS
terminals.
Startup Scene Mar 17, 2025

HyperPay, a Saudi fintech company, has launched its Tap-on-Phone payment solution in the UAE, allowing businesses to accept contactless payments directly via
smartphones. The new feature transforms Android devices into secure point-of-sale (POS) terminals, eliminating the need for traditional hardware and streamlining
payment acceptance for merchants.

This technology, which supports credit and debit cards as well as digital wallets, caters to businesses of all sizes—particularly small and medium-sized enterprises
(SMEs) looking for cost-effective and flexible payment solutions. The launch aligns with the UAE’s increasing push towards cashless transactions and digital payment
innovations.
The fintech sector in MENA has maintained strong momentum, with 119 fintech startups securing $700 million in funding in 2024, according to a report by Wamda. This
accounted for 30% of all startup investments in the region, reflecting sustained investor confidence.

HyperPay has already announced plans to further expand to other nearby markets, including Saudi Arabia and Egypt.

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