HyperPay acquires Sanad Cash to enhance digital payment solution
By Delisha Fernandes
HyperPay, a payments service provider in the MENA region, has announced the acquisition of Sanad Cash, a Saudi-based spend management FinTech platform.
This acquisition aims to enhance HyperPay’s service offerings to simplify and automate financial transactions for individuals and corporations. The payments services provider will closely collaborate with Sanad Cash to integrate their platforms and services in the coming months.
Muhannad Ebwini, Founder & CEO of HyperPay, said, “We are thrilled to welcome Sanad Cash into the HyperPay family. This acquisition perfectly aligns with our strategic vision of providing a complete range of digital payment solutions, covering issuing, and acquiring services, to our esteemed customers. By joining forces, we aim to deliver a more comprehensive and streamlined solution to regional corporate clients. Leveraging 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.”
By integrating Sanad Cash’s services into its FinTech solutions suite, HyperPay will offer an even more comprehensive range of services. Moreover, these services will be available as a white-label solution, enabling other FinTech companies to seamlessly incorporate Sanad Cash’s expense management and issuing services into their offerings.
Mahmoud Iswiad, founder and CEO of Sanad Cash, said, “This strategic acquisition represents a tremendous opportunity for Sanad Cash and HyperPay to combine our strengths, expertise, and resources. Our shared goal is to build a holistic and dynamic digital payment ecosystem that addresses the ever-changing demands of our users. Sanad Cash has earned acclaim and confidence for our cutting-edge, secure expense management solutions. We have continuously aimed to streamline financial procedures, enhance transparency, and optimize effectiveness for individuals and businesses alike.”
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