HyperPay has taken a major step forward in shaping the future of financial technology in the MENA region by signing strategic Memorandums of Understanding with Mastercard and Mozn at Money20/20 Middle East 2025 in Riyadh. These partnerships are focused on driving innovation in digital payments while strengthening transaction security across Saudi Arabia, the UAE, and Qatar. This milestone underscores HyperPay’s commitment to building a secure and inclusive digital economy in alignment with Saudi Vision 2030.
Through its collaboration with Mastercard, HyperPay will issue innovative business cards designed specifically for SMEs and merchants across the region. These solutions will provide scalable, secure, and future-proof payment capabilities that empower businesses to handle financial operations more efficiently. This initiative comes shortly after HyperPay’s approval of its Electronic Money Institute (EMI) license from the Saudi Central Bank (SAMA), giving the company a stronger foundation to accelerate SME digitization.
At the same time, HyperPay’s agreement with Mozn highlights its commitment to security and trust in every transaction. By integrating Mozn’s advanced Focal platform, HyperPay will significantly enhance fraud prevention and financial crime compliance across its ecosystem. This integration positions HyperPay as a leader not only in digital payments but also in ensuring that businesses and consumers transact with confidence in a rapidly digitizing environment.
These partnerships arrive at a critical moment for the MENA region. Mastercard insights reveal that 93 percent of SMEs in Saudi Arabia are optimistic about the year ahead, with 99 percent already accepting digital payments. This shows a clear demand for innovative, secure, and flexible solutions that can help SMEs grow sustainably in the digital economy. HyperPay’s partnerships are designed to meet this demand head-on and unlock new opportunities for businesses across multiple markets.
The agreements reflect HyperPay’s long-term vision of advancing financial inclusion, enabling SMEs to thrive, and providing businesses with the tools they need to adapt to the future of commerce. With Mastercard’s global expertise and Mozn’s pioneering AI technologies, HyperPay is building a comprehensive ecosystem that combines innovation, security, and scalability for merchants of all sizes.
By bridging technology, compliance, and business empowerment, HyperPay’s MoUs with Mastercard and Mozn reaffirm its role as a key player in the region’s fintech growth story. Together, these partnerships will not only deliver smarter and more secure payment experiences but also accelerate the transformation of the MENA digital economy in line with national and regional ambitions.
