HyperPay to foray Qatar, sees big opportunities for fintechs

HyperPay to foray Qatar, sees big opportunities for fintechs

HyperPay, a robust online payment gateway that drives the future of cashless payments in the Middle East and North Africa (Mena) region, is foraying Qatar in order to cash in on the umpteen opportunities, especially in view of the 2022 FIFA World Cup.

"We are coming to Qatar very soon. We are in talks with Qatar Fintech Hub (QFTH) regarding this," HyperPay chief executive Muhannad Ebwini said on the sidelines of the first Arab Fintech Summit.

Contemplating to go either solo or with a partner; he said HyperPay finds great potential for fintechs in Qatar, which is an advanced country that offers the latest technologies.

QFTH is a global fintech hub with a purpose to support the development of the fintech industry in Qatar.

HyperPay, which is headquartered in Riyadh, has offices in Dubai, Amman, Cairo and Bahrain, processing millions of transactions a year for thousands of merchants across almost every industry verticals. It had seen a 300% growth in 2020 and expects it to replicate this year too.

Asked how the company views Qatar as a potential target, especially in view of the 2022 FIFA World Cup, which is aimed to be cashless transactions event; he said for fintech, it is a big opportunity,