Hyp

Hyp is a credit clearing company headquartered in Israel. The company provides clearing services that facilitate the settlement of electronic payment transactions. Its services are used by various merchants, including food chains, fashion retailers and small businesses. By processing these transactions, Hyp enables the transfer of funds between buyers and sellers within the payment ecosystem. The clearing function ensures that transaction data is validated, matched and settled efficiently. Hyp operates as part of Israel's broader payment infrastructure, supporting commerce across multiple sectors.

Hyp's core specialization lies in credit clearing, a niche within financial services that focuses on the reconciliation and settlement of payment obligations. This specialization positions the company as a key participant in the nation's payment system, distinct from banks that issue credit or provide lending. While the exact ownership structure is not disclosed in the available sources, Hyp functions as an independent clearing entity. On May 1, 2025, the company reported a service disruption attack that hindered its clearing operations for certain merchants. The attack was described as an attempt to damage Israel's payment system, though other credit and clearing companies continued to operate normally. Consequently, the impact was limited to a subset of transactions affecting food chains, fashion retailers and small businesses that rely on Hyp's services.