HyperPay Introduces Tap-on-Phone Payment Solution for UAE Businesses
The Saudi-based fintech firm enables UAE businesses to accept contactless payments directly on smartphones, eliminating the need for POS terminals.
HyperPay, a Saudi fintech company, has launched its Tap-on-Phone payment solution in the UAE, allowing businesses to accept contactless payments directly via smartphones. The new feature transforms Android devices into secure point-of-sale (POS) terminals, eliminating the need for traditional hardware and streamlining payment acceptance for merchants.
This technology, which supports credit and debit cards as well as digital wallets, caters to businesses of all sizes—particularly small and medium-sized enterprises (SMEs) looking for cost-effective and flexible payment solutions. The launch aligns with the UAE’s increasing push towards cashless transactions and digital payment innovations.
The fintech sector in MENA has maintained strong momentum, with 119 fintech startups securing $700 million in funding in 2024, according to a report by Wamda. This accounted for 30% of all startup investments in the region, reflecting sustained investor confidence.
HyperPay has already announced plans to further expand to other nearby markets, including Saudi Arabia and Egypt.
