Page 24 - HyperPay PR REPORT - DECEMBER 2024

• Dec 12, 2024

Promoting Financial Inclusion in Saudi Arabia:

HyperPay’s Contribution to Digital Payment
Solutions for SMEs

By Muhannad Ebwini, Founder and CEO of HyperPay

The Kingdom of Saudi Arabia (KSA) is making significant strides toward achieving financial inclusion
as a cornerstone of its Vision 2030. By ensuring easy access to financial services for all, particularly
small and medium enterprises (SMEs), the Kingdom aims to diversify its economy and drive
sustainable growth.

Financial inclusion plays a critical role in enabling economic progress. By integrating individuals and
businesses into the formal financial system, it empowers unbanked and underbanked populations,
stimulates economic activity, and drives economic diversification. SMEs, which constitute 99.5% of all
companies in Saudi Arabia, are at the forefront of this transformation, requiring accessible financial
tools to thrive in competitive markets.

https://www.dayofdubai.com/news/promoting-financial-inclusion-in-saudi-arabia-hyperpays-
contribution-to-digital-payment-solutions-for-smes