Mastercard, a technology leader in the global payments industry, has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the Middle East and North Africa (MENA), to drive the adoption of digital payment solutions across the region. As part of the partnership, Mastercard will make a strategic investment in HyperPay to continue enhancing the delivery of its proven capabilities and identify new technologies that can be applied to practical use cases. Dimitrios Dosis, President, Eastern Europe, Middle East and Africa, Mastercard, said: “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. As a leading technology provider and enabler for digital first-use cases, Mastercard along with its fintech partners, is continuing to support the digital payments and virtual banking ecosystems across the region.

Source: The North Africa Journal May 27, 2022 12:01 UTC