{"id":30315,"date":"2021-12-02T12:55:53","date_gmt":"2021-12-02T09:55:53","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=30315"},"modified":"2026-03-27T23:54:36","modified_gmt":"2026-03-27T20:54:36","slug":"hyperpay-receives-the-technology-permit-from-saudi-payments-to-activate-new-mada-services-for-its-merchants-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/hyperpay-receives-the-technology-permit-from-saudi-payments-to-activate-new-mada-services-for-its-merchants-in-saudi-arabia\/","title":{"rendered":"HyperPay receives the technology permit from Saudi Payments to activate new \u201cmada\u201d services for its merchants in Saudi Arabia"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\">20 billion SR\u00a0the value of e-commerce sales via \u201cmada\u201d cards in the Saudi market<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">The payment gateway, HyperPay, continuously enhances their online payment solutions experience in KSA<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Riyadh, KSA, 1 December 2021:<\/strong>\u00a0The MENA region\u2019s leading payment gateway, HyperPay, announces receiving the required technology permit from Saudi Payments\u00a0an organization that operates entirely under the supervision of The Saudi Central Bank\u00a0to\u00a0enable\u00a0the new \u201cmada\u201d services to its merchants in Saudi Arabia, proving to be an evolving Saudi-based payment service provider to thousands of merchants in the Kingdom.Activating new e-commerce \u201cmada\u201d services will address\u00a0the needs of local e-commerce merchants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Muhannad Ebwini, CEO at HyperPay said,&nbsp;&#8220;The e-commerce sector in the Middle East and North Africa region has experienced continuous unprecedented growth, coinciding with the increasing demand from consumers for fast, secure and enhanced electronic payment options especially during the pandemic.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Saudi market is witnessing a significant growth in e-commerce, as\u00a0the value of e-commerce sales via \u201cmada\u201d cards in the Saudi market\u00a0jumped during the third quarter of this year by 89% on an annual basis, recording 20,222.690 billion riyals at the end of the period, compared to 10,676.710 billion at the end of the third quarter of 2020.&#8221;, \u201cand of course, we aim to be one of the primary and first contributors to this transformative development.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">HyperPay has proven to be a trusted payment service provider, with quick response to the changing needs of partners. It currently works with over 2,000 local Saudi merchants and will increase their presence in KSA to unlockthe full potential of fast and secure online payment acceptance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New e-commerce \u201cmada\u201d services will enable merchants of \u201cpre-authorization\/ capture\u201d transactions. Through this service, \u201cHyperPay\u201d merchants can now place a hold on a customer&#8217;s card for a specified amount upon completing a purchase online using their \u201cmada\u201d card, merchants can now deduct the amount (Captured) upon confirming the availability of the service or product.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cHyperPay\u201d merchants using the new e-commerce \u201cmada\u201d service can now securely save customers\u2019 card information, facilitated by HyperPay, which allows the \u201cmada\u201d card holder to register the card&#8217;s data for the purpose of future use without the need to enter the data again on the merchant\u2019s website or mobile app, which will enable the merchant to receive payments quickly and securely. In addition to the previous series of services, the payment gateway \u201cHyperPay\u201d provides periodic and\/or recurring payment services that enable subscription-based merchants to automate the recurring billing process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>20 billion SR\u00a0the value of e-commerce sales via \u201cmada\u201d cards in the Saudi market The payment gateway, HyperPay, continuously enhances their online payment solutions experience in KSA Riyadh, KSA, 1 December 2021:\u00a0The MENA region\u2019s leading payment gateway, HyperPay, announces receiving the required technology permit from Saudi Payments\u00a0an organization that operates entirely under the supervision of [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":30316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-30315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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