Manal Saleh 


Expanding beyond payment acceptance, HyperPay's new platform equips Saudi SMEs and enterprises with smart corporate cards, real-time visibility and proactive spend controls, replacing manual expense processes with a digital-first approach.

 

RIYADH, Saudi Arabia – September 15, 2026 – HyperPay, a leading regional fintech and digital payments company, today announced the official launch of HyperSpend at Money20/20 Middle East in Riyadh. The launch marks a major strategic evolution for HyperPay, expanding its capabilities beyond payment acceptance into comprehensive corporate spend management.

Driven by Vision 2030 initiatives to diversify the economy and empower the private sector, Saudi Arabia’s commercial landscape is scaling at an unprecedented rate. Monsha’at reported 1.7 million active commercial registrations and over 8.4 million people employed by SMEs as of late 2025. Yet, as these businesses grow, they face a critical operational bottleneck: managing internal corporate spending.

Saudi companies have made massive strides in digitizing how they receive money, successfully advancing the Vision 2030 Financial Sector Development Program's goal of a cashless society. SAMA reported that electronic payments accounted for 85% of total retail payment transactions in 2025, and the Mastercard SME Confidence Index 2025 notes that 99% of Saudi SMEs accept digital payments. However, internal financial processes often lag behind. In Saudi Arabia, relying on fragmented petty cash and manual employee reimbursements reduces financial visibility and slows down business growth.

HyperSpend addresses this gap directly. As a company licensed by the Saudi Central Bank (SAMA), HyperPay's platform serves as a centralized control center for corporate spend. It equips Saudi finance teams with smart corporate cards, pre-transaction spending rules, and real-time analytics, helping businesses digitize and streamline corporate spend management. This meets a clear market demand, as 97% of Saudi SMEs report that better data, analytics, and insights are critical to strengthening their businesses, according to the Mastercard SME Confidence Index 2025.

"For over a decade, HyperPay has provided the infrastructure for Saudi businesses to manage how they receive payments. With HyperSpend, we are extending that capability to transform how they manage their own spending," said Muhannad Ebwini, Founder and CEO of HyperPay. "Saudi businesses have successfully digitized their customer-facing payments to support the Vision 2030 digital economy, but you cannot run a modern, growing enterprise on manual expense claims and fragmented spreadsheets. HyperSpend gives Saudi businesses and finance leaders the proactive control and real-time visibility they need to scale efficiently and protect their cash flow."

Delivering Proactive Control for Saudi Finance Teams

Unlike traditional expense systems that only track money after it is spent, HyperSpend allows businesses to govern spending proactively. Key capabilities include:

·       Smart Corporate Cards: Instant issuance of virtual and physical prepaid cards tailored to specific employees, departments, or recurring vendor payments.

·       Proactive Spend Limits: Finance teams can set custom spending caps, restrict specific merchant categories, and apply transaction rules before funds are utilized.

·       Real-Time Visibility: A centralized dashboard provides live transaction monitoring, replacing delayed end-of-month reporting with instant financial clarity.

·       Automated Expense Management: Digital receipt capture and automated approval workflows reduce reliance on manual, paper-based processes and lighten the administrative burden on accounting teams.

HyperSpend’s card and payment capabilities are further strengthened by HyperPay’s ongoing commercial collaboration with Mastercard, bringing Saudi businesses the benefits of world-class payment security and global acceptance standards.

The official introduction of HyperSpend is taking place this week at Money20/20 Middle East (September 14–16) at Riyadh Exhibition and Convention Center, Malham. Business owners, CFOs, and industry stakeholders are invited to visit the HyperPay booth to experience how HyperSpend can streamline their financial operations.

For more information or to schedule a demonstration, visit www.hyper-spend.com.

 

ENDS

 

About HyperPay

HyperPay is a leading regional fintech company providing secure, innovative, and scalable digital payment solutions to businesses across Saudi Arabia and the wider MENA region. Licensed by the Saudi Central Bank (SAMA), HyperPay enables merchants to accept and manage payments seamlessly across online, mobile, and point-of-sale channels.

HyperPay’s ecosystem includes online payment processing, point-of-sale solutions, card issuing, payout services, and value-added financial tools that help businesses optimize operations and scale efficiently. With a strong focus on security, compliance, and innovation, HyperPay supports Saudi Arabia’s Vision 2030 by accelerating the transition toward a cashless economy. Website: www.hyperpay.com.