Mastercard a global technology organization in the payments industry connecting and powering a completely digital economy that enables everyone to access safe, simple, and smart transactions has collaborated with HyperPay a fast-growing online payment service provider in the MENA region, serves the largest merchants and banks. This collaboration is to boost the practice of digital payment in the MENA region.

Dimitrios Dosis, President, Eastern Europe, Middle East and Africa, Mastercard, stated, “Growing the payment ecosystem is crucial for the development of a robust digital economy that is more inclusive for all. We are thrilled to enter this partnership with HyperPay as we work together to offer consumers access to innovative, seamless and secure payment solutions. With this shared vision, Mastercard and HyperPay have the opportunity to unlock the region’s potential by using technology to pave the way for a streamlined, efficient and more inclusive future.”

Mastercard’s innovations and solutions in the payment services help financial organizations, individuals, enterprises, and governments resolve their transactional challenges. HyperPay is a rapidly emerging digital payment solution provider in the Middle East and North Africa (MENA) region. It serves the largest banks and vendors of the region with a wide array of payment processing solutions that run their businesses online and offline. It looks forward to enabling its consumers to access a network of local, regional, and global payment methods.

Muhannad Ebwini, Founder and CEO, HyperPay, commented, “Forging strong partnerships has been part of our mission since day one and we are delighted to announce this collaboration with Mastercard. We are committed to fast-track our expansion beyond payments, to deliver a complete suite of financial products. We have dealt with the challenges businesses face when it comes to accepting digital payments and are building products that meet the evolving needs of our platform customers across all verticals. Ecommerce will continue to grow, as relying more on digital platforms for shopping becomes the optimum way for consumers around the world to shop and simplified payment solutions will enable the delivery of frictionless consumer experiences.”

SMEs, enterprises, and governments will benefit from this partnership as they can use simplified, and hassle-free payment methods instead of their existing cash-based payment system.

Read: Mastercard and Synctera Extends Partnership for Fraud Mitigation