Digital payments drive inclusion, innovation and efficiency as Saudi Arabia advances its fintech ecosystem

(MENAFN- Oxford Business Group) Digital payments drive inclusion, innovation and efficiency as Saudi Arabia advances its fintech ecosystem

Oxford Business Group and HyperPay launch first impact report analysing the sector’s contribution to Vision 2030 objectives

Riyadh, December 2025: A new impact report, produced by Oxford Business Group (OBG) in partnership with HyperPay, examines how digital payments and other financial technology (fintech) solutions are advancing financial inclusion, innovation and efficiency across Saudi Arabia, in line with the country’s Vision 2030 strategy.

Titled “Impact Report: Digital Payments and Other Fintech Solutions in Saudi Arabia”, the publication analyses the evolution of the Kingdom’s fintech ecosystem, with a particular focus on business-to-business payments. It explores the sector’s enablers, including regulatory advances, infrastructure development and partnerships supporting cross-border interoperability and security, while also considering ongoing challenges such as market fragmentation, skills gaps and cybersecurity preparedness.

The report highlights the rapid growth of Saudi Arabia’s fintech sector, underpinned by Vision 2030 reforms and a supportive regulatory framework overseen by the Saudi Central Bank and the Capital Market Authority. Targets for cashless adoption, fintech jobs and ecosystem investment have already been surpassed, with local players such as HyperPay demonstrating the sector’s innovation and scalability.

In his interview featured in the report, Muhannad Ebwini, CEO of HyperPay, said that fintech continues to be a cornerstone of Saudi Arabia’s economic diversification and inclusion efforts.

“The sector facilitates broader access to financial services, helping to improve financial inclusion in the Kingdom. The sector’s development is further contributing to broader socio-economic goals. The Fintech Strategy aims for the sector to contribute over SR13bn ($3.5bn) to GDP by 2030 and support more than 18,000 job opportunities.”

Commenting on the launch, Busra Karacadag, OBG’s Country Director for Saudi Arabia, said the collaboration with HyperPay provides timely insights into how digital finance is reshaping the Kingdom’s economic landscape.

“Saudi Arabia’s fintech expansion highlights the progress of Vision 2030 in encouraging innovation and greater private sector participation. As digital payment adoption accelerates, it continues to drive financial inclusion, SME enablement and operational efficiency across industries. This report provides a comprehensive overview of how these advances are positioning the Kingdom as a leading fintech destination in the region.”

The publication concludes that as Saudi Arabia’s fintech sector enters a new phase of innovation and regional integration, the Kingdom is well positioned to consolidate its role as a competitive hub for digital finance — advancing resilience, inclusion and sustainable growth.

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