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May 26, 2022

Mastercard invests in Saudi Arabia’s HyperPay

Mastercard has made an undisclosed strategic investment in Saudi Arabia-based e-commerce payment service provider HyperPay, following a strategic alliance between the two companies.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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HyperPay enables internet businesses to accept and manage payments online, with flexibility and security. The investment will support the firm to enhance the delivery of its capabilities and develop additional technologies for practical use cases.

As part of the tie-up, Mastercard and HyperPay will focus on expanding digital payment rails across the Middle East and North Africa (MENA) region.

The two companies will work together to offer advanced new technologies to businesses, governments and SMEs to drive cash-based payments to an improved, frictionless, and seamless ecosystem.

The move is in line with Mastercard’s multi-rail approach, which looks to drive payment innovation across multiple payment rails and allow individuals and organisations to transact across any channel and to any end point.

Mastercard Eastern Europe, Middle East and Africa president Dimitrios Dosis 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. With this shared vision, Mastercard and HyperPay have the opportunity to unlock the region’s potential by using technology to pave the way for a streamlined, efficient and more inclusive future.”

HyperPay founder and CEO Muhannad Ebwini added: “Forging strong partnerships has been part of our mission since day one and we are delighted to announce this collaboration with Mastercard. We are committed to fast-track our expansion beyond payments, to deliver a complete suite of financial products.”

Recently, Mastercard struck a multi-year partnership deal with fintech payment firm Sokin to support the rollout of fixed-price payment services across new markets in the Middle East and Africa.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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