HyperPay Inc. was established in 2010 and is one of the MENA regions largest and fastest growing online payment solution providers. Founded by Muhannad Ebwini, and headquartered in Saudi Arabia, HyperPay currently serves more than 2,000 merchants across seven countries.
Currently, HyperPay Inc. is transforming the Kingdom of Saudi Arabia’s digital payments landscape with the Saudi Central Bank (SAMA) issuing a license for Information Systems Technology. The goal is to transition the nation towards a cashless economy and to deliver cutting-edge payment solutions and financial services that effortlessly meet the demands and future aspirations. The SAMA license aids HyperPay Inc. to expand its business offerings by providing a diverse range of services. It’s a strategic move to bolster economic growth.
Plus, HyperPay offers merchants a wide range of products and services, apart from payment processing, including installments and invoicing systems, monitoring systems, and risk and fraud management among others. The goal moving forward is for the company to expand into new markets, provide customers with access to new payment methods, develop new products and services, invest in its technology platform and grow unique employee talent. The main products and services are HyperPay, HyperSight, HyperSplit, HyperTap, HyperBill, and HyperHospitality.
HyperPay enables businesses to sell goods or services online to accept payments, manage risk, expand fast, and track all data and results from one platform.
HyperSight is a monitoring and analysis tool that helps merchants gain real-time data to manage transactions, understand decline reasons, enhance acceptance rates, and increase overall revenue.
HyperSplit aids online marketplaces and other service providers to send money to their beneficiaries bank accounts securely. These payouts become faster and help gain the trust of more sellers, customers, and partners.
HyperTap turns mobile devices into a point of sale (POS) device with contactless payments.
It accepts plastic or virtual cards, such as EMV contactless cards (credit, debit, or prepaid chip cards) and even wearables like smartwatch, smart monitors, mobile phones with NFC mobile payment application and capability enhanced. Merchants have a contactless user experience with secure payment authorization.
The merchant enters the amount through phone/tablet and the customer taps the card, smartphone, or wearable device to pay. Upon success, a receipt is generated as a transaction confirmation and the merchant can send the cardholder the receipt via SMS or email making payments simpler, while on-the-go.
HyperBill allows merchants to accept recurring payments and to manage subscription-based customers. The solution meets merchants needs and enhances customer satisfaction by being flexible to fit various business models.
HyperHospitality makes hotel payments easier by ensuring a smooth and seamless booking process for guests. Hotels benefit from minimizing manual tasks, sending personalized offers to guests, maximizing revenue through optimizing bookings and reducing no-shows, and automated payment collection with the ability to customize guest experiences which elevates how hotels can serve their guests.
The grand vision of HyperPay is to become the payment platform of choice for the world’s leading companies.
