HyperPay, Mastercard, Mozn Team Up to Boost MENA Digital Payments
▼ Summary
– HyperPay signed strategic partnerships with Mastercard and Mozn at Money20/20 Middle East 2025 to accelerate digital payments innovation and security in Saudi Arabia, the UAE, and Qatar.
– The Mastercard agreement involves HyperPay issuing secure business cards specifically designed for SMEs and merchants.
– HyperPay’s collaboration with Mozn will integrate the Focal platform to enhance fraud prevention and financial crime compliance.
– These initiatives follow HyperPay’s approval of an EMI license from the Saudi Central Bank (SAMA), empowering it to further digitize SME payments.
– The partnerships align with Saudi Vision 2030’s goals, aiming to promote digital inclusion and empower SMEs in the region.
HyperPay has forged two major strategic partnerships with Mastercard and Mozn, signaling a significant push to advance digital payment infrastructure and security across key Middle Eastern markets including Saudi Arabia, the UAE, and Qatar. These memorandums of understanding were formalized during the Money20/20 Middle East 2025 event held in Riyadh, marking a pivotal step for the regional payment provider.
The collaboration with Mastercard is centered on issuing specialized business cards tailored for small and medium-sized enterprises (SMEs) and merchants. This initiative is designed to provide scalable and highly secure payment solutions. The timing is strategic, coming shortly after HyperPay secured its Electronic Money Institute (EMI) license from the Saudi Central Bank (SAMA), a key authorization that empowers the company to drive the digitization of payments for the SME sector.
Simultaneously, the partnership with Mozn will integrate its Focal platform into HyperPay’s operations. This integration is set to substantially bolster fraud prevention and enhance capabilities for combating financial crime throughout HyperPay’s digital ecosystem. By combining these advanced security measures with accessible payment tools, the initiatives aim to foster greater trust and reinforce the security framework supporting the region’s rapidly growing digital economy.
Muhannad Ebwini, Founder and CEO of HyperPay, underscored that these dual alliances reflect the company’s core mission to champion digital inclusion and empower SMEs. He noted that this direction is fully aligned with the broader financial technology adoption objectives outlined in Saudi Vision 2030.
(Source: MEA Tech Watch)
