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.
Media contact
Name: Esra Sehweil
Email: [email protected]
