Mastercard has announced a collaboration with HyperPay, a payment gateway in the Middle East and North Africa (MENA), to accelerate SME payment digital transformation in Saudi commercial payments.

The partnership will focus on modernizing business payments across the region. Both companies plan to issue commercial cards in Saudi Arabia, the UAE, and Qatar.

The initiative aims to provide businesses with secure, scalable, and future-ready commercial card solutions. These offerings are designed to drive growth and support the evolving digital economy.

Leveraging Mastercard’s global reach and innovative technology, the collaboration will help merchants and SMEs streamline expense management and improve operational efficiency. HyperPay recently received approval for its Electronic Money Institute (EMI) license to digitize SME payments.

Saud Swar, Country Manager for Mastercard in Saudi Arabia, Bahrain, Jordan, and other Levant regions, said, “Our collaboration with HyperPay empowers merchants, SMEs, and the wider business community with game-changing commercial cards that foster economic growth.”

Muhannad Ebwini, Founder & CEO of HyperPay, added, “Since 2022, we have worked closely with Mastercard to advance the digital payments ecosystem. This collaboration marks a significant step in enabling businesses to enhance performance with innovative solutions.”

The new commercial cards will first launch in Saudi Arabia and will soon expand to the UAE and Qatar, helping SMEs achieve greater resiliency and long-term prosperity.

Key Points:

• Mastercard and HyperPay to issue commercial cards for SMEs in MENA.
• Collaboration supports digital transformation and operational efficiency.
• HyperPay receives EMI license to boost SME payments.

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