Riyadh - Sharikat Mubasher: HyperPay, a leading payment services provider in MENA, concluded strategic memorandums of understanding (MoUs) with Mastercard and Mozn to advance digital payment solutions and improve transaction security across Saudi Arabia, the UAE, and Qatar.
The agreements, inked during the Money 20/20 Middle East, mark a pivotal move in HyperPay’s mission to deliver smarter, faster, and more secure payment experiences and boost the region’s digital economy, the company stated in a press release today.
Through the partnership with Mastercard, HyperPay will issue business cards tailored to the needs of small and medium-sized enterprises (SMEs) and merchants in the three GCC countries. This collaboration came after HyperPay’s Electronic Money Institute (EMI) obtained the license from the Saudi Central Bank (SAMA).
Meanwhile, the MoU with Mozn aims to enhance fraud prevention and financial crime compliance across HyperPay’s digital transactions by incorporating Mozn’s innovative Focal platform into HyperPay’s ecosystem.
Muhannad Ebwini, Founder and CEO of HyperPay, stated that the partnerships underscore the company’s commitment to shaping the future of digital payments in the region. “Together, these MoUs strengthen our mission to deliver innovative and more secure payment experiences that will transform how businesses handle their financial operations in a rapidly evolving digital economy.”
The MoUs strengthen HyperPay’s position in leading the region’s fintech development, boosting fintech adoption, and creating a secure digital economy in line with Vision 2030’s goals.
