In this paper we present a new algebraic structure (a super hyperbolic system in our terminology) for finite quantum systems, which is a generalization of the usual one in the two-level system. It fits into the so-called generalized Pauli matrices, so they play an important role in the theory. Some deep relation to the modified Bessel functions of integer order is pointed out. By taking a skillful limit finite quantum systems become quantum mechanics on the circle developed by Ohnuki and Kitakado.