Page 22 - HyperPay PR REPORT - DECEMBER 2024

development. Furthermore, providing accessible banking services ensures
that the unbanked and underbanked population, such as those who do not
have bank accounts and access to bank loans and electronic payment
services, participate in the formal financial system, thereby stimulating
economic growth. Thus, financial inclusion becomes a pivotal tool for
empowering individuals and companies, particularly small and medium-sized
enterprises (SMEs), and fostering economic growth. It also enhances the
ability of companies to expand and grow within a safe and effective digital
environment.

In this context, financial technology is becoming increasingly important.
Digital solutions in the field of electronic payments have become
instrumental in enabling companies to simplify their financial operations and
enhance their ability to expand and grow in competitive markets. Small and
medium enterprises, which constitute 99.5 percent of all companies in Saudi
Arabia, are a key element in achieving economic growth, and financial
inclusion enables these companies to obtain the requisite financial tools to
achieve sustainable development.
The Kingdom has witnessed a remarkable boom in the use of digital
solutions, thanks to rapid technological developments and the increased
spread of smartphones and the internet, which has brought a qualitative shift
in how financial services are provided.
In this context, HyperPay stands out as one of the leading companies in the
Kingdom that provides digital payment solutions. As one of the most
prominent players in this field, the company offers innovative solutions
enabling SMEs to accept electronic payments easily and securely. This
enhances their cash flows, allowing them to expand the scope of their
business and elevate their business to greater heights.
In addition, HyperPay contributes to creating a safe and sustainable
environment for small and medium-sized enterprises by providing advanced
technologies such as payment processing and risk management. This further
advances their ability to expand and develop, whether in the Saudi market or
internationally. The company relies on the latest digital technologies,
including artificial intelligence, to improve the accuracy and speed of
operations while providing effective protection against potential threats.
Artificial intelligence solutions enable the rapid detection of suspicious
transactions, enhancing security and providing proactive protection against
any risks that may arise in the future. This reflects HyperPay's commitment to
providing innovative solutions that keep pace with the market's evolving
needs and increase companies' confidence in electronic payment platforms.
HyperPay is also expanding its digital solutions to include integrated services
that aim to improve customer experience and loyalty. The company relies on
innovative technologies such as chatbots and virtual assistants to provide

https://menafn.com/1108987981/Promoting-Financial-Inclusion-In-Kingdom-Hyperpays-Role-In-
Providing-Digital-Payment-Solutions-For-Smes