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HyperPay
HyperPay is a MENA payment gateway founded in 2014, connecting merchants to local acquirers and digital wallets across eight Arab countries.
HyperPay
HyperPay was founded in 2014 as a payment gateway serving the MENA region, with its headquarters in Riyadh and additional offices in Dubai, Amman, Cairo, and Manama. The firm operates as a payment services provider rather than a family office, and no wealth-origin narrative or founding principals are publicly disclosed. Its organizational identity rests on a technology stack rather than a named operator, making it an outlier on Altss profiles. The firm's strategy centers on providing an end-to-end payment gateway that aggregates local acquirers, card networks, and digital wallets. It covers at least three asset-class-adjacent service lines: merchant acquiring, recurring billing infrastructure, and fraud management. HyperPay supports payments in local currencies across Saudi Arabia, the UAE, Jordan, Lebanon, Egypt, and Bahrain, with additional availability in Oman, Qatar, and Iraq. Named merchant relationships include Saudi Electronic University, SMASCO, and Alinma Bank, though HyperPay does not disclose investment positions or co-investors. Mada Investment Company has invested in HyperPay, and the firm has signed an agreement with Orange Jordan, indicating both institutional backing and telecom-channel distribution. HyperPay claims over 600 professionals operating from five regional offices. A dated operational event from May 2024 saw HyperPay obtain a license from the Saudi Central Bank to expand digital services within the Kingdom, signaling a regulatory deepening beyond its prior PSP status. Adjacent vehicles or philanthropic structures are not disclosed. The firm's merchant count is stated as "hundreds of thousands," though no audited figure is provided. Structurally, HyperPay is differentiated by its regulatory posture: it holds PCI DSS Level 1 certification alongside ISO 27001 and ISO 27701, and it is the only PSP in its peer set offering both prepaid payment options and PayPal integration, according to its own materials. This combination of compliance depth and method breadth creates a narrow moat in a region where payment fragmentation is high, though the absence of disclosed financial metrics makes scale difficult to verify.
General information
Firm type
Asset Manager
Year founded
2014
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
Prince Turki Bin Abdulaziz Al Awal Road, AlMuhammadiyah District 6959, Unit 50, Riyadh 2848 – 12364, Saudi Arabia
Additional offices
Dubai, UAE · Amman, Jordan · Cairo, Egypt · Manama, Bahrain
Sector focus
Frequently asked questions
How does HyperPay source its merchant relationships in the MENA region?
HyperPay sources merchants through direct sales teams and strategic partnerships with regional banks and telecom operators. The firm's agreement with Orange Jordan and its investment from Mada Investment Company illustrate a channel model that blends financial-institution referrals with corporate partnerships. Its website lists dedicated business development contacts for each country of operation, suggesting regionally embedded sales coverage.
Is HyperPay structured as a payment facilitator or a full payment gateway?
HyperPay operates as a full payment gateway with direct acquiring connections to banks across Saudi Arabia, the UAE, Jordan, Lebanon, Egypt, and Bahrain. Unlike a lightweight payment facilitator that sits on top of a third-party acquirer, HyperPay maintains its own integrations with local card networks including Mada, Visa, and MasterCard, and supports alternative payment methods such as Apple Pay and PayPal.
What regulatory licenses does HyperPay hold?
HyperPay is PCI DSS Level 1 v3 certified, ISO 27001 certified, and ISO 27701 certified. In May 2024, the firm obtained a license from the Saudi Central Bank to expand its digital services in Saudi Arabia, which represents a jurisdictional deepening from its prior operations primarily as a cross-border PSP regulated through partner banks (per the firm, 2024).
Which countries does HyperPay actively cover?
HyperPay is headquartered in Riyadh and operates offices in Dubai, Amman, Cairo, and Manama. The firm lists active availability in Saudi Arabia, the UAE, Jordan, Lebanon, Egypt, Bahrain, Oman, Qatar, and Iraq. It supports payments in local currencies through local acquirers in at least five of these markets (per the firm, 2024).
Does HyperPay participate in fund commitments or function as an investment vehicle?
HyperPay is not an investment vehicle. It is a payment services provider that has itself received investment — for example, from Mada Investment Company — but it does not disclose making fund commitments or deploying third-party capital into portfolio companies. The Altss profile reflects an operating company with revenue from payment processing, not an allocator.
What fraud and security infrastructure does HyperPay deploy?
HyperPay's security stack includes PCI DSS Level 1 v3 compliance, ISO 27001 information security management, and ISO 27701 privacy information management. The firm describes anti-fraud management, tokenization, strict access controls with multi-factor verification, regular penetration testing, and a documented incident response and disaster recovery plan as part of its operational infrastructure (per the firm, 2024).
Who runs investment decisions at HyperPay?
HyperPay does not publicly name a CIO or investment committee. No principals, founders, or leadership team members are disclosed on the firm's website, LinkedIn page, or in the provided Altss research record. The absence of named operators means allocators cannot assess decision-making authority or institutional continuity at this entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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