In its quest to continuously grow its offerings and expand the network of global payment methods available for its merchants, HyperPay, one of the MENA region’s leading Fintech companies announced a key strategic partnership with one of the world’s leading bankcard companies, UnionPay International, enabling fast and secure cross-border online payments in the MENA region.
The Launch ceremony took place on Thursday, 10th of October at HyperPay’s Headquarters in Riyadh, in the presence of Muhannad Ebwini, CEO at HyperPay and Hany Al Deeb, Country Manager of Saudi Arabia at UnionPay International Middle East.
As a result of this significant cooperation, HyperPay’s merchants, across various industries, will be able to accept UnionPay Online Payment (UPOP) – further developing their user base and helping them expand into the Chinese consumer market. UPOP is praised for its convenience and safety for cross-border online payments. For example, the transaction volume of online payments accepted in the Middle East using UnionPay cards grew by over 120% in the first half of 2019.
Muhannad Ebwini, CEO at HyperPay said: “As MENA’s trusted payment service provider, we earned our reputation by being quick to respond to the changing needs of our partners. As we continue to actively work on expanding our network of global payment methods, HyperPay will be the first middle east based payment service provider to integrate the UPOP solutions, making the service available to thousands of our online merchants, starting in Saudi Arabia and extending the service across the MENA region.”
Hany Al Deeb, Country Manager at UnionPay International Middle East, said: “We at UnionPay International Middle East are committed to providing safe and convenient offline as well as online payment services to our global cardholders visiting the Middle East region. In Saudi Arabia, for example, UnionPay cards are already accepted at over 60,000 point-of-sale terminals and half of the local ATMs. This partnership will further improve UnionPay’s online acceptance in the region, and will also benefit HyperPay’s online merchants, as they can now accept payments from the continuously expanding market of UnionPay credit and debit cardholders.”