These Terms and Conditions, along with any applicable written addendums (collectively referred to as the “Agreement”), define the terms under which the Customer is permitted to access and use the HyperSpend Platform.
By accepting these Terms and Conditions and submitting the registration form, the Customer agrees to be legally bound by the Agreement.
However, access to certain features or services of the HyperSpend Platform may be subject to successful completion of the onboarding process, including any required verifications or approvals, in accordance with applicable laws and HyperPay’s internal policies.
The Customer acknowledges that providing false, incomplete, or misleading information to HyperPay may result in termination of the Agreement and legal consequences, including civil liability or criminal penalties where applicable.
The Customer hereby certifies that all information submitted is truthful, accurate, and complete; that the Account Administrator has full legal authority to bind the Customer to this Agreement; and that the signatory is duly authorized to act on behalf of the Customer.
HyperPay reserves the right to modify these Terms and Conditions at any time. Updates will be communicated through established channels, and the Customer agrees to electronic updates.
Account Administrator/Admin: An individual legally authorized to manage Customer accounts on the HyperSpend Platform.
Account: The e-money account maintained for the Customer.
Affiliate: An entity owned or controlled by HyperPay or under common control.
Application/App: The HyperSpend mobile application.
Applicable Law: All laws and regulations applicable in the Kingdom of Saudi Arabia.
AML / CFT: Anti-Money Laundering and Countering the Financing of Terrorism measures.
Business Day: Any day other than Friday, Saturday, or public holidays in KSA.
Card: Corporate Prepaid Card and/or Secondary Card.
Customer: Any eligible company with legal personality.
Customer Personnel: Authorized individuals acting on behalf of the Customer.
Customer ID: Unique identifier assigned after onboarding completion.
Credentials: Login and access data.
Corporate Prepaid Card: Prepaid cards for corporate expenses.
Customer Bank Account: A KSA-based bank account used to fund the HyperSpend account.
E-Money: Electronically stored monetary value without interest or overdraft.
Fees: Subscription and applicable service fees.
Force Majeure: Extraordinary events beyond reasonable control.
HyperPay: HyperPay Inc Saudi Information Systems Company.
HyperSpend Platform: HyperPay’s e-money platform for cards and expense management.
Policies: HyperPay rules and guidelines applicable to the Customer.
Prohibited Transactions: Activities violating laws, policies, or sanctions.
SAMA: Saudi Central Bank.
Virtual IBAN: Virtual account number assigned to the Customer.
This Agreement becomes effective upon successful completion of onboarding and verification procedures.
The Agreement is available in Arabic and English. The selected language at acceptance governs and prevails.
HyperSpend is a financial management solution enabling issuance of corporate prepaid cards and streamlined expense management.
Use of the Platform is subject to KYB, AML, and anti-fraud checks. Non-compliance may lead to suspension or termination.
HyperPay provides a limited, non-exclusive license upon verification and fee payment, may decline suspicious transactions, and protects personal data per PDPL.
Customers are responsible for fees, data accuracy, credential security, lawful use, and compliance with third-party terms.
Services are provided “as is” without guarantees of uninterrupted or error-free operation. Liability is limited as stated.
The Customer indemnifies HyperPay against claims arising from breaches, unlawful use, or regulatory penalties.
Accounts require onboarding, accurate information, credential security, funding via Virtual IBAN, and adherence to limits.
