HyperPay, the leading payment gateway provider in the MENA region, showcased the upgraded version of its ‘HyperSight’ analysis tool at the recently held LEAP 2024 Conference in Riyadh. The newly enhanced tool boasts a cutting-edge dashboard equipped with innovative features designed to transform real-time data analysis and visualisation for businesses in the fintech sector.
HyperPay’s participation in the LEAP 2024 Conference demonstrates its unwavering commitment to fostering the growth and innovation of the fintech industry in the region while offering assistance to companies in the sector through various innovative solutions. The new dashboard of HyperSight includes a variety of intuitive features, including visualisation, tracking, monitoring, filtering, and data exploration capabilities. These features enable businesses to effortlessly monitor crucial metrics such as transaction volume, overall revenue, acceptance rates, and decline reasons, providing invaluable insights to inform strategic decision-making.
Muhannad Ebwini, Founder and CEO of HyperPay stated: “We are pleased to have participated in the LEAP 2024 Conference and showcased our upgraded HyperSight tool, which aims to empower businesses by unlocking the power of data. Through this solution, we seek to enable companies to take informed actions based on real-time, reliable data and insights. The LEAP 2024 Conference served as an excellent opportunity for us to shed light on our solutions, share our vision and connect with the global tech community. Our participation in this event aligns with our commitment to advance the growth of the fintech industry through numerous diverse financial solutions.”
The HyperSight tool facilitates the identification of patterns and trends in sales, customer behaviour, and performance over time. It also generates reports on a variety of payment processing-related topics, including daily summaries, keeps close tabs on possible fraud attempts and suspicious activity in real time, as well as efficiently manages chargebacks by reviewing payment details. Furthermore, it determines and resolves the issues that affect conversion rates, such as abandoned carts and unsuccessful payments, and allows to experiment with various payment options, checkout procedures, and promotional offers in order to enhance customer experiences. To raise the average order value, the tool provides flexible payment alternatives, such as installment plans or recurring billing, as well as utilises data to tailor communications and websites to customers’ preferences.
Additionally, the tool offers self-service tools where customers can monitor their orders, update their payment details, and control subscriptions. To promote transparency and trust, the tool provides real-time transaction confirmations and notifications. It further analyses customer behaviour and preferences to gain a deeper understanding of the target audience, in addition to customising communications based on purchase history and customer data. Moreover, by examining previous performances, the tool also helps companies to anticipate upcoming trends, enabling them to proactively adjust their strategies and operations to align with changing market dynamics.
One of the pioneers in the fintech sector, HyperPay provides businesses and customers throughout the Middle East and North Africa region with an extensive array of state-of-the-art payment solutions and services. The company’s offerings include online and mobile payments, in addition to value-added services, such as cost management, fraud protection solutions, and data analytics
In the present fast-paced world of e-commerce, the success of an organisation is defined by the seamless and personalised experience it provides for customers across every touchpoint. A fundamental aspect of this experience is the checkout process, which is the final step in the online purchasing journey. A perfect and streamlined checkout process can provide numerous compelling advantages, including driving up conversion rates as well as leaving a lasting impact on customers, thereby elevating consumer satisfaction and bolstering brand credibility.
It has been reported that around 42.9 per cent of all online purchases are done through mobile devices, typically smartphones. Before the COVID-19 outbreak, the e-retail sector in the Gulf Cooperation Council (GCC) region was projected to have a 12.2 per cent penetration rate of offline retail in 2025. After the pandemic, the projected penetration rate increased to about 16.3 per cent.
A recent Agility Logistics study stated that the Saudi e-commerce market generated a revenue of USD 10 billion in 2023, making it the 28th largest online market globally. The Kingdom’s e-commerce market is estimated at USD 13.61 billion in 2024 and is slated to reach USD 27.37 billion, registering a CAGR of 15.01 per cent during the forecast period 2024-2029.[3] In 2023, the UAE’s e-commerce market was valued at USD 8856.18 million and is projected to grow at a compound annual growth rate (CAGR) of 11.52 per cent to reach USD 16532.75 million over the forecast period of 2024-2029 [5]. The growth of the e-commerce market is driven by a combination of factors, notably the increased usage of the internet and a tech-savvy population.
To assist companies involved in the world of e-commerce, several digital payment solution providers are going above and beyond to innovate and deliver various ground-breaking solutions that contribute to an enhanced checkout experience. For instance, HyperPay, a leading payment gateway provider in the MENA region, has designed several innovative solutions that significantly revolutionise checkout processes, enriching customer experiences across various e-commerce platforms. By leveraging its cutting-edge technology and user-friendly interface, the company promises a rapid, secure, and smooth checkout process for both customers and businesses.
A striking feature that distinguishes HyperPay in the market is its support for multiple payment methods. By utilising HyperPay’s solutions, customers can choose their preferred type of payment option at checkout, including credit cards, debit cards, digital wallets, or bank transfers. This flexibility enhances inclusivity and satisfaction by serving a wide range of customers preferences and demands. In addition, it also provides one-click payment options, where customers can save their payment information for future purchases, eliminating the need for re-entering their details every time they make a transaction.
Furthermore, several e-commerce platforms, including Shopify, WooCommerce, Magento, and others, are easily integrated with HyperPay. Owing to this integration, the need for complicated technological installations and setups is eliminated, enabling businesses to integrate HyperPay’s payment solutions quickly and seamlessly into their current online storefronts. As a result, merchants can completely focus on providing remarkable products and services, while HyperPay efficiently manages the payment processing in the background. Furthermore, a leading payment gateway provider offers responsive checkout pages, which are optimised for a range of devices, including desktops, laptops, smartphones, and tablets. Regardless of the device a customer uses, HyperPay’s mobile-friendly checkout pages provide a smooth experience that increases customer happiness and conversion rates.
Security is always a concern as well as a matter of paramount significance when it comes to online transactions. It plays a crucial role, particularly during the checkout process as sensitive financial information is exchanged during this time. HyperPay places a high priority on ensuring security by adhering to industry standards, such as the Payment Card Industry Data Security Standard (PCI DSS) as well as using strong encryption protocols. This way, customers are provided with utmost confidence and trust by offering a safe and secure payment environment, which encourages them to seamlessly complete their transactions.
The number of individuals making online purchases is rising significantly in Saudi Arabia, owing to the greater convenience it offers as well as the ease of use. Similarly, the number is also increasing substantially in the UAE, with a World Bank report stating that around 9.82 million people in the UAE made online purchases in 2023. The report states that this number is expected to reach 11.11 million by 2025. The growing number of individuals making online purchases offer scammers the opportunity to prey on vulnerable customers. Around 93 per cent of fraudulent financial activities happened after the COVID-19 outbreak, according to Arabian Business, lending credence to the fact that cybercrime activity is rising quickly. This is anticipated to serve as an impediment to the e-commerce market expansion.
To identify and prevent fraudulent transactions in real-time, HyperPay leverages various cutting-edge fraud prevention tools and technology. These tools include geolocation tracking, behavioural analysis, and machine learning algorithms as well as safeguard both customers and merchants by minimising chargebacks and identifying suspicious activities.
Enterprises can further easily tailor the checkout processes using HyperPay to align with their corporate identity. They can customise the payment process and reflect their branding elements, from branded invoices and receipts to customised payment pages. This personalisation not only increases brand awareness but also strengthens consumer brand loyalty. Additionally, an easy and quick checkout procedure lessens friction throughout the buying process, which increases conversion rates and lowers cart abandonment rates. This, combined with other remarkable features, enables companies to create a favourable impression of the company, which in turn promotes repeat business and long-term customer relationships.
Achieving success in the highly competitive e-commerce market of the present requires providing exceptional customer experiences. HyperPay plays a crucial role in this regard since it improves the overall online buying experience and streamlines checkout procedures. Through payment efficiency, security prioritisation, and numerous customisation possibilities, HyperPay enables businesses to establish smooth and memorable customer interactions at the final stage of their purchase journey.
HyperPay, the leading payment gateway provider in the MENA region, has been honoured with the ‘Best B2B Fintech Provider of the Year’ in recognition of its outstanding performance and excellence in the B2B fintech sector.
The award, which was presented during the second edition of the Arab Fintech Forum held recently in Doha, Qatar, represents a significant milestone for HyperPay. It underscores the company’s unwavering commitment to driving fintech innovations and delivering exceptional customer-centric solutions that have made a remarkable impact on the B2B fintech space. Setting new benchmarks for excellence in the fintech industry, the company’s cutting-edge financial solutions have paved the way for a seamless and efficient payment experience, significantly enhancing user interactions.
During the event, HyperPay showcased its cutting-edge payment solutions and services that are optimising, securing, and simplifying various payment procedures, at its booth. The company’s participation in this event, which provided a robust and supportive environment for fintech businesses, has accelerated HyperPay’s expansion plans into the Qatari market.
Muhannad Ebwini, Founder and CEO of HyperPay commented: “We are extremely honoured to receive the ‘Best B2B Fintech Provider of the Year’. This honor serves as a testament to our relentless pursuit of excellence in the dynamic and ever-evolving world of fintech as well as our commitment to delivering a plethora of ground-breaking fintech solutions and services that are secure, effective, and user-friendly. It was a great opportunity to participate in the second edition of the Arab Fintech Forum held in Qatar and network with a range of industry leaders and players in the fintech industry from across the MENA region. Our participation in this event holds further significance as it advances our expansion plans into the regional market.”
The Arab Fintech Forum is a leading event that aims to address the challenges and innovative opportunities within the global as well as regional financial ecosystem. The event brought together over 300 participants and featured several exhibitions and hands-on workshops conducted by industry experts, which served as a great opportunity for fostering innovation and collaboration. It also held several discussions on important topics, including digital banking, financial inclusion, AI and blockchain applications in financial services, emergence of Islamic fintech in the era of the fintech revolution, and the evolution beyond wallets and payments to encompass BNPL, crowdfunding, and InterTech.
The event served as an ideal platform for HyperPay to share its wealth of expertise in the ever-evolving fintech sector. By exhibiting its cutting-edge payment solutions and services, HyperPay demonstrated both its drive for innovation and its focus on improving customer experiences.
HyperPay’s diverse offerings include online payments, mobile payments, point-of-sale solutions, as well as value-added services, including fraud protection, chargeback management, and data analytics. With a significant focus on technology and top-notch customer service, HyperPay is dedicated to assisting businesses in accepting payments from customers promptly, securely, and seamlessly. The company’s participation in this event is consistent with its mission to establish new benchmarks in the constantly evolving financial technology ecosystem through various innovations, ultimately promoting the development and expansion of fintech in the MENA region as well as providing unmatched value to customers.
Doha, Qatar: – Mastercard, a global technology company in the payments industry, has officially confirmed its role as the Platinum Sponsor of the upcoming Arab Fintech Forum in Qatar. This announcement underscores Mastercard’s unwavering dedication to driving innovation within the dynamic fintech space.
Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said, “Mastercard is proud to support the Arab Fintech Forum as Platinum Sponsor. Events like these are vital to fostering dialogue, deepening relationships, and driving innovation across our industry. We look forward to two days of stimulating conversations as market leaders join forces to shape the future of fintech.”
HyperPay, the region’s leading payment gateway, and eMcREY, a company at the forefront of digital financial transformation, have been secured as Gold Sponsors of the event. Their participation attests the forum’s role as a key assembly point for industry leaders. Additionally, the forum is delighted to welcome R3, a global enterprise software firm specializing in blockchain technology, as the Silver Sponsor of this year’s edition.
The second edition of the forum will unfold against the backdrop of Qatar Central Bank’s Fintech Strategy implementation. This initiative aims to establish Qatar as a prominent fintech hub with a strong focus on developing a robust digital infrastructure, supporting local start-ups, and fostering partnerships with global fintech firms. The Arab Fintech Forum is aligned with this national strategy and is positioned to facilitate its objectives, further contributing to Qatar’s leadership in fintech innovation.
The forum’s official media partners include The Fintech Times, the world’s first and only monthly newspaper dedicated to fintech.
Malik Shishtawi, the President and Founder of the Arab Fintech Forum, commented, “We are extremely pleased to have the support of such esteemed companies for this year’s forum. Their participation reinforces the forum’s critical role in the rapidly evolving fintech landscape. With the event set in Doha, we are poised to make a meaningful contribution to the advancement of financial inclusion throughout the MENA region.”
The Arab Fintech Forum is scheduled to take place in Doha, Qatar, on October 10-11, 2023. The forum will feature a comprehensive lineup of sessions, workshops, and networking opportunities, solidifying its reputation as an essential event for professionals in the fintech sector.
HyperPay, the leading payment gateway provider in the MENA region, showcased its cutting-edge payment solutions and services that are reshaping the fintech landscape and elevating customer experiences at the Seamless Saudi Arabia 2023.
The event, which was held at Riyadh Front Exhibition Centre between September 4 and 5, 2023, provided a platform for HyperPay to share its extensive expertise and knowledge in the rapidly expanding fintech sector. The company has established itself as a frontrunner in the fintech industry by redefining payment processes and elevating customer interactions. HyperPay’s participation at the event reaffirmed its steadfast commitment to driving innovation and revolutionising the world of finance through its array of innovative payment solutions. During its participation, the company interacted with the attendees and informed them about the latest trends that are disrupting the industry, as well as various new challenges and opportunities within the evolving fintech landscape.
Furthermore, HyperPay entered into strategic partnerships with three prominent organizations, including Bank Al Jazera (BAJ), Azm, and Paymentology, marking significant milestones in its journey. The company inked an agreement with Bank Al Jazera during a ceremony held at the event, which strongly reflects HyperPay’s dedication to redefining financial services. Under this partnership, HyperPay will employ a variety of cutting-edge fintech solutions to provide innovative payment channels that will lay the groundwork for transforming the financial services ecosystem in the KSA. The second crucial agreement signed with Azm highlights their shared goal of advancing business-to-business fintech solutions, providing recurrent payment services for corporates, and increasing multiple payment efficiency. The partnership seeks to help businesses in improving customer experiences by making payment processes easier and reliable. This collaboration is poised to shape a more streamlined and secure financial industry by ushering into an era of cutting-edge B2B fintech products. Additionally, HyperPay solidified its partnership with Paymentology, a leader in payment solutions, to further enhance the innovative capabilities of its services. This collaboration is expected to bring about novel payment solutions that elevate customer experiences and set new industry standards.
Muhannad Ebwini, Founder and CEO of HyperPay stated: “We are delighted to attend the Seamless Saudi Arabia 2023, one of the biggest events highlighting recent innovations across various sectors. At HyperPay, we are committed to excellence, quality, and innovation. We are committed to providing the best payment solutions in the fintech sector that streamline processes for our clients, ultimately improving customer satisfaction and experience.”
He added: “At the event, we showcased our range of innovative and secure financial services through which we aim to redefine payment processes. We further seek to address various challenges in the industry and offer insightful information on current digital payment technologies. Seamless Saudi Arabia 2023 served as the perfect venue to showcase our leading expertise in the fintech domain and network with various key players and potential partners in the industry. As the payment industry evolves, we realise that collaboration is essential to maximising the full potential of Fintech.”
Being a pioneer in the fintech sector, HyperPay offers cutting-edge payment solutions to customers and businesses throughout the Middle East and North Africa. HyperPay helps companies to accept payments from customers rapidly, securely, and seamlessly, with a major emphasis on technology and excellent customer service. Online payments, mobile payments, point-of-sale solutions, as well as value-added services, including fraud protection, chargeback management, and data analytics, are all part of the company’s diverse offerings. The company’s participation in Seamless Saudi Arabia 2023 is consistent with its mission to revolutionise the payment landscape and provide unmatched value to customers.
Seamless Saudi Arabia 2023, one of the largest events of its kind in the region, brought together industry experts, entrepreneurs, investors, and thought leaders from across the world to share their expertise and interact with industry peers to identify prospects for growth. Over 20,000 attendees, 500 exhibitors and 450 speakers from around the region participated in this two-day event, where a wide range of fintech-related topics, including mobile banking, blockchain, digital payments, cybersecurity, and more, were discussed. The event also featured keynote addresses, panel discussions, workshops, and exhibitions displaying the most recent innovations, products, and services.
Hyperpay, the fastest growing online payment service provider in the MENAP region, founded by Muhannad Ebwini, is delighted to announce a strategic partnership with Paymentology, the global leading issuer-processor. The collaboration marks a significant milestone in Hyperpay’s mission to become a one-stop payment solution for businesses, governments, and SMEs across the Middle East.
Hyperpay and Paymentology are committed to delivering innovative payment solutions that align with the evolving needs of businesses and consumers. The Fintech industry in the MENAP region is expected to increase from $1.5 billion in 2022 to $4.5 billion in 2025, demonstrating the region’s transition towards digital financial services. Hyperpay already offers a wide range of products and services to its customers, including payment processing, risk and fraud management, monitoring systems, instalments, and invoicing solutions, among others. With Paymentology’s next-generation payments platform, Hyperpay will effortlessly connect to payment rails, create new payment products for its clients and leverage granular payment data to enhance its offerings.
Muhannad Ebwini, Founder and CEO of HyperPay, shared his view: “Hyperpay’s pivotal role aligns seamlessly with Saudi Arabia Vision 2030, driving the nation toward a digital-first era. Our strategic vision to become a one-stop shop for all payment services is a direct response to the pressing needs of businesses and government agencies, who demand instant, user-friendly payments accessible from anywhere, anytime. Embracing a global outlook, we’re proud to introduce a versatile offering tailored to both our regional dynamics and the stimulation of cross-border trade. Thus, our choice to partner with Paymentology, a leading global technology player, becomes paramount in this transformative journey.”
Nauman Hassan, Regional Director at Paymentology, commented: “Paymentology is proud to be associated with Hyperpay’s Saudi Arabia launch. With a strong foothold in the Middle East, particularly in the kingdom, where numerous fintechs and neobanks have sought our expertise in next-generation payments platforms, we’re well-equipped to facilitate Hyperpay’s rapid business growth. We firmly believe that Hyperpay’s introduction of advanced payment services aligns perfectly with the market’s needs, and we eagerly anticipate a successful partnership.”
Hyperpay is among the top-five payment providers in the MENA region, actively contributing to the shift towards cashless societies. The company recently secured $36.7 million (SAR 138 million) in funding through a round led by Mastercard, with investments from Amwal Capital Partners and AB Ventures. Hyperpay is only at the beginning of its journey and has ambitious plans to go public through an IPO in Saudi Arabia within the next two years. With a strong presence in Jordan and Saudi Arabia, Hyperpay is also set to expand its operations to Egypt, Bahrain, Iraq, and Oman as part of its ambitious growth plan.
HyperPay, one of the leading payment gateway providers in the MENA region, was awarded the prestigious ‘Best Enterprise Solution’ award by the Entrepreneur Middle East at the Leaders in Fintech Awards 2023, for its innovative fintech solutions that offer unified and seamless customer experiences.
The recognition highlights HyperPay’s unwavering commitment to innovation and excellence, with which they deliver superior payment solutions and services in the fintech industry. The company’s fintech solutions and services were also recognised for being secure, effective, and user-friendly. HyperPay’s innovative solutions have significantly transformed the way businesses manage their financial transactions by offering cutting-edge features like multi-channel payment acceptance, robust fraud prevention systems, comprehensive reporting and analytics, and seamless integrations with existing business systems. By incorporating these solutions, businesses are able to improve customer satisfaction, optimise operations, and enhance better cash flow management.
Muhannad Ebwini, Founder and CEO of HyperPay stated: “We are proud to receive the ‘Best Enterprise Solution’ award by Entrepreneur Middle East. This accolade echoes the steadfast commitment of our resilient team in delivering quality payment solutions and services in the fintech industry. Their spirit, commitment, and passion have been essential to achieving excellence and propelling our company forward. We would like to extend our sincere gratitude to Entrepreneur Middle East, as well as the Leaders in Fintech Awards 2023 for acknowledging our efforts. At HyperPay, our primary goal is to redefine the payment experience by making it more seamless, secure, and customer focused. We are honoured to be at the forefront of revolutionising the financial sector through cutting-edge fintech solutions, and will continue to invest in talent, research, and technology to exceed expectations and push the limits of what is possible.”
HyperPay serves as a one-stop-shop financial solutions provider that caters to the specific needs and preferences of businesses, providing a unique customer experience. The company has a proven track record of serving clients across a variety of industries, building a robust reputation for its quality of services that offer highest degrees of security, reliability, and customer-centricity. The ‘Best Enterprise Solution’ award strengthens HyperPay’s position as a pioneer in the fintech industry and underlines its commitment to addressing the changing demands of businesses in a more digital and interconnected world.
The Leaders in Fintech Awards 2023, presented by Entrepreneur Middle East, was held at Sofitel the Palm on June 12, 2023, to highlight the contributions of various businesses and individuals in shaping the future of fintech in the MENA region. The event brought together various industry leaders to highlight innovators who have substantially advanced the field of financial technology through innovation and other technological advancements.
HyperPay, one of the leading payment gateway providers in the region, discussed the future of technology and fintech in the MENA region, and showcased its range of innovative solutions at the World Fintech Summit 2023. The event brought together 300+ professionals and speakers from across the fintech, banking, payments, and regulatory ecosystems to discuss and shape the future of financial products and services. The event was held recently in Amman, Jordan.
The gathering of fintech experts and leaders provided HyperPay with an exceptional opportunity to showcase its suite of solutions and lead the transformation of the payment landscape. During its participation, HyperPay unveiled its latest payment technologies, which are revolutionising how consumers and businesses conduct business. Additionally, the company was recognised with the ‘Best Payment Gateway for Enterprise’ award at the summit, which underscored its commitment to providing seamless payment experiences for businesses through innovative solutions like secure online payment gateways, mobile payment integration, and advanced fraud prevention measures.
The participation also enabled HyperPay to establish strategic alliances and strengthen its existing network within the technology and innovation ecosystem. The summit provided numerous opportunities for knowledge exchange through insightful panels, keynote addresses, and interactive sessions. HyperPay reaffirmed its commitment to providing cutting-edge fintech services and solidifying its position as a reliable payment partner across the MENA region and beyond, in keeping with its mission to propel the fintech industry into a new era of seamless, secure, and innovative payment experiences.
HyperPay, the leading payment gateway provider in the MENA region, showcased its range of cutting-edge payment solutions and services during its participation in “Seamless Dubai 2023”, the largest fintech and e-Commerce gathering in the MENA region, which took place on May 23 and 24, 2023, at Dubai World Trade Centre, brought together industry experts, innovators, and entrepreneurs from across the region.
Hyperpay’s participation in the event reaffirms its dedication to bolstering the growth and innovation of the fintech industry in the region, while providing support to companies in the sector. During its participation, HyperPay shared its vast knowledge and expertise in the fintech sector with the attendees and delved into the recent trends, advancements, and avenues in the evolving sector. In addition to showcasing its portfolio of financial offerings at its booth, the company also explored innovative avenues for collaboration and forged new alliances with various industry-relevant entities, aimed at expanding its products and services to new customers.
Muhannad Ebwini, Founder and CEO of HyperPay stated: “Our participation in Seamless Dubai 2023 aligns with our commitment to further advance the growth of the fintech industry through numerous diverse financial products and services. Serving as an excellent opportunity to network with various pioneers and explore new developments and trends in the sector, the event has undoubtedly contributed to the growth and development of the fintech industry in the region. Through the event, we were able to share our insights on the recent global advancements in the digital payment market, which is advancing at a rather faster pace, and provide a comprehensive picture of the opportunities and challenges within the fintech industry.”
He added: “At HyperPay, we are devoted to promoting innovation in the fintech industry to develop the best products and services possible for customers that would cater to their variety of financial needs and requirements. As a pioneer in the field, we believe collaborations within the sector would pave the way for delivering more efficient services by leveraging the industry’s potential to the fullest. The numerous sessions and conferences during the event were illuminating, increasing the participation and engagement of attendees through valuable information and insights. We look forward to participating in such events in the future and bringing more innovations and diverse offerings to the industry.”
One of the forerunners in the fintech industry, HyperPay offers a wide range of cutting-edge payment solutions for companies and customers in the Middle East and North Africa region. The company assists businesses to accept payments rapidly, securely, and easily from customers through innovative customer service and effective utilisation of technologies. Online payments, mobile payments, as well as value-added services such as fraud prevention solution, expense management, and data analytics, are all part of the company’s offerings and services.
The company also signed several new partnerships and collaborations with various fintech companies during the event, consolidating its position as a leading B2B Fintech provider in the region.
Seamless Dubai 2023 served as a crucial venue for businesses like HyperPay to showcase their vast knowledge in the field, network with various fintech companies, and discover novel opportunities for the development and innovation of the sector. With thousands of participants as well as numerous exhibitors and speakers, the event was one of the largest events of its kind in the region that congregated thought leaders, entrepreneurs, investors, and industry professionals. A wide range of fintech-related subjects were covered at the numerous conferences, panel discussions, workshops, and exhibitions held during the event, including mobile banking, blockchain, digital payments, and more.
(MENAFN– Newsfile Corp) HyperPay Announces Nationwide Expansion Within Saudi Arabia and Expanded Operations in the MENA Region HyperPay, a MENA-based online payment service provider, announces a nationwide expansion of its services in Saudi Arabia and expands operations into the MENA region.
Riyadh, Saudi Arabia–(Newsfile Corp. – May 18, 2023) – The MENA-based online payment service provider, hyperpay , announces a nationwide expansion plan within Saudi Arabia and also the expansion of its operations in other GCC (Gulf Cooperation Council) countries. These strategic initiatives mark significant milestones in HyperPay’s journey toward becoming a complete B2B fintech provider for large corporations and governments.
Since its establishment in 2014, HyperPay has emerged as a major player in the market, serving the largest merchants and banks across the Middle East and gaining market dominance in Saudi Arabia. With a strong emphasis on providing a seamless and secure payment experience, the company has transformed the payments space with innovative products.
Driven by a deep understanding of the region’s potential, hyperpay recognizes the immense growth opportunities presented by the ongoing giga projects in Saudi Arabia. With the aim of providing a cutting-edge platform for uninterrupted digital payment, the company is partnering with these upcoming projects. The company’s involvement in these ambitious initiatives positions HyperPay at the forefront of the fintech industry, driving economic growth and diversification in line with Saudi Arabia’s Vision 2030 plan.
HyperPay has successfully built a large customer base over the past half a decade. This success in terms of the company’s credibility and customer loyalty can be attributed to its combination of exceptional products and operational excellence. From large retailers to smaller merchants across various industries, HyperPay has become the payment provider of choice, offering a wide range of payment options through its extensive network of partnerships with major banks and players in the traditional payments space.
Muhannad Ebwini, Founder and CEO of Hyperpay
By expanding its product lines and services, HyperPay seeks to solidify its position as the leading provider of customized B2B solutions. By taking new products live and continuously updating existing offerings, the company aims to address evolving challenges and achieve market leadership in every product category.
“Our priority is to ensure HyperPay’s continued growth and maintain the high quality of service we provide. With our nationwide expansion plans within Saudi Arabia and expanded operations in the MENA region, we are committed to capitalizing on the immense potential of the region and solidifying our position as a complete B2B fintech provider. We are committed to shaping the fintech future of the MENA region by innovating and promoting financial inclusion. We believe that our collaboration with the government entities and other key stakeholders in the industry will enable us to achieve that goal,” says Muhannad Ebwini, Founder and CEO of hyperpay .
As part of its growth strategy, HyperPay has established governance and committees, obtained multiple ISO certifications for security, and engaged top consultants to ensure its readiness for an initial public offering (IPO) in Saudi Arabia. The company’s IPO plans are slated to begin soon, with a target listing by 2025.
HyperPay currently serves more than 5,000 merchants in seven different countries, making it one of the top-five payment providers in the MENA region. With the expansion within Saudi Arabia and the increased focus on the MENA region, HyperPay aims to further strengthen its market position, drive digital transformation, and empower businesses across the region.
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