Riyadh - Sharikat Mubasher: HyperPay, a pioneering online payment gateway headquartered in Riyadh, obtained a license from the Saudi Central Bank (SAMA) to expand and operate digital payment services via an electronic wallet in Saudi Arabia.
This license marks a significant move in enhancing HyperPay’s position in the growing digital payments market in the Kingdom, the company announced in a press release today.
This move came as part of SAMA’s strategy to support the fintech sector, as the bank continues to work toward enhancing the effectiveness and flexibility of the financial sector in the Kingdom.
Commenting on this achievement, Muhannad Ebwini, Founder and CEO of HyperPay, said: “Through this step, we aim to enable businesses to benefit from secure and seamless payment services, in line with the goals of Saudi Arabia's Vision 2030 to improve the efficiency of the financial system and support digital transformation."
Ebwini noted that obtaining the license from SAMA reflects the company’s ongoing efforts to expand its operations and offer services more widely, contributing to the growth of its customer base and reducing reliance on cash.
He further emphasized HyperPay’s commitment to innovation by developing advanced financial services that facilitate payment processes and simplify business transactions, ultimately supporting national economic growth.
HyperPay aims to support the transition to a less cash-dependent society by offering innovative payment solutions and advanced financial services that meet market needs and future aspirations.
