Leading Saudi payment service provider HyperPay has announced two strategic partnerships with Mastercard and Mozn to accelerate digital payment innovation across the MENA region. The Memorandums of Understanding (MoUs) were signed at the Money20/20 Middle East 2025 conference in Riyadh, marking a significant step in enhancing payment solutions for businesses in Saudi Arabia, the UAE, and Qatar.
Empowering SMEs with New Payment Solutions
The agreement with Mastercard will enable HyperPay to issue business cards specifically designed for Small and Medium-sized Enterprises (SMEs) and merchants. This initiative aims to deliver scalable and secure payment solutions tailored to the needs of the business community. The move is strategically timed, following HyperPay’s recent acquisition of an Electronic Money Institute (EMI) license from the Saudi Central Bank (SAMA), which empowers the company to expand its services and further digitize SME payments.
Strengthening Security with AI-Powered Compliance
In a parallel move to bolster security, HyperPay has partnered with Saudi-based AI technology firm Mozn. The collaboration will see the integration of Mozn’s flagship platform, Focal, into HyperPay’s ecosystem. This will significantly strengthen the company’s fraud prevention and financial crime compliance capabilities, fostering greater trust and security within the region’s rapidly expanding digital economy.
Driving Fintech Adoption Under Vision 2030
Muhannad Ebwini, Founder and CEO of HyperPay, stated that the dual partnerships underscore the company’s mission to promote digital inclusion and empower SMEs. These strategic collaborations align directly with the goals of Saudi Vision 2030, which emphasizes the importance of fintech adoption and the development of a robust digital infrastructure to support economic growth.
About HyperPay
HyperPay is a leading payment service provider in the MENA region, offering a wide range of online and offline payment processing solutions to merchants and businesses. The company is a key player in the region’s fintech ecosystem, focused on making payment acceptance easy, secure, and accessible.
About Mastercard
Mastercard is a global technology company in the payments industry. Its mission is to connect and power an inclusive, digital economy that benefits everyone by making transactions safe, simple, smart, and accessible.
About Mozn
Mozn is a Saudi-based enterprise AI technology company that offers advanced solutions for fraud prevention and financial crime compliance. Its flagship platform, Focal, helps financial institutions and digital platforms enhance their security and regulatory adherence.
Source: MEA Tech Watch
