MENA’s HyperPay takes over Sanad Cash to broaden payment solutions
- Date: 20-Jul-2023
- Source: Mubasher
- Sector:Financial Services
- Country:Saudi Arabia
MENA’s HyperPay takes over Sanad Cash to broaden payment solutions
: HyperPay, the biggest payments services provider in the MENA region, has acquired Saudi fintech company Sanad Cash as part of developing HyperPayâs payment solutions in the region, according to a press release. The takeover deal is expected to strengthen HyperPayâs profile as a whole payment gateway across the MENA region while helping in simplifying and automating financial transactions for both individuals and corporations. The two entities will jointly work in the next few months on integrating Sanad Cash services into HyperPayâs system. , said: â .â Ebwini added: âLeveraging Sanad Cash's expertise in expense management, we are confident that we can enhance our tools and services, simplifying financial operations for businesses of all sizes. This synergy will enable HyperPay to cater to a wider spectrum of customer needs, offering a unified and convenient platform for various digital payment requirements.â , the commented: â .â It is worth mentioning that through an initial public offering (IPO) within the next two years.