{"id":38478,"date":"2025-01-13T17:40:45","date_gmt":"2025-01-13T14:40:45","guid":{"rendered":"https:\/\/entarabi.com\/?p=38478"},"modified":"2025-01-13T17:51:15","modified_gmt":"2025-01-13T14:51:15","slug":"sama-grants-hyperpay-a-license-to-expand-digital-payment-services-in-in-mena","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/01\/sama-grants-hyperpay-a-license-to-expand-digital-payment-services-in-in-mena\/","title":{"rendered":"SAMA Grants HyperPay a License to Expand Digital Payment Services in in MENA"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">The Saudi Central Bank Grants a License to HyperPay<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">The license aligns with Saudi Arabia&#8217;s Vision 2030 goals<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Efforts by the Saudi Central Bank to expand digital payment services in the region<\/li>\n<\/ul>\n<p dir=\"ltr\">Saudi Central Bank (SAMA) has granted a license to HyperPay, a leading digital payment provider in the Middle East and North Africa (MENA) region.<\/p>\n<p dir=\"ltr\">This move aims to diversify and advance the financial sector in Saudi Arabia.<\/p>\n<h1 dir=\"ltr\">Key License Provisions<\/h1>\n<p dir=\"ltr\">Under the license, HyperPay will offer digital payment services through an electronic wallet within the Kingdom. This initiative aligns with the company&#8217;s strategy to enhance the digital payments market.<\/p>\n<p dir=\"ltr\">Speaking on the development, Muhannad Ebwini, Founder and CEO of HyperPay, stated:&#8221;Our goal is to empower businesses with secure and seamless payment solutions, in line with Saudi Arabia\u2019s Vision 2030, which aims to improve financial system efficiency and support digital transformation.&#8221;<\/p>\n<h1 dir=\"ltr\">SAMA\u2019s Fintech Goals<\/h1>\n<p dir=\"ltr\">SAMA continues its efforts to support the fintech sector by enhancing the flexibility and efficiency of Saudi Arabia\u2019s financial system.<\/p>\n<p dir=\"ltr\"><strong> Its initiatives aim to:<\/strong><\/p>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">Encourage innovation in financial services.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Improve the experience of financial transactions.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Promote financial inclusion by expanding access to financial services across all societal segments.<\/li>\n<\/ul>\n<h1 dir=\"ltr\">Collaboration with ACI Worldwide<\/h1>\n<p dir=\"ltr\">On the sidelines of the Seamless Saudi Arabia 2024 conference, HyperPay announced a collaboration with ACI Worldwide to enable AI-driven innovations in payment solutions across the region.<\/p>\n<h1 dir=\"ltr\">IPO Plans<\/h1>\n<p dir=\"ltr\">In 2023, HyperPay disclosed plans to launch an initial public offering (IPO) within two years.<\/p>\n<p dir=\"ltr\">This move aims to expand the company\u2019s operations and solidify its footprint in the MENA region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Central Bank (SAMA) has granted a license to HyperPay, a leading digital payment provider in the Middle East and North Africa (MENA) region. This move aims to diversify and advance the financial sector in Saudi Arabia.<\/p>\n","protected":false},"author":11,"featured_media":38479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6110,6636,2599,5876],"class_list":["post-38478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-hyperpay-en","tag-muhannad-ebwini","tag-sama","tag-seamless-saudi-arabia-2024"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=38478"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/38479"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=38478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=38478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=38478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}