Riyadh-based fintech EdfaPay has officially activated its Smart SoftPOS services across Saudi Arabia following the successful acquisition of technical approvals from the Saudi Central Bank (SAMA). The approval, granted by SAMA’s Payments Authorization Center, confirms the company’s compliance with required security and technical standards.
Transforming Smartphones Into Terminals
The newly approved service enables merchants to accept payments directly via any Android-based smartphone or tablet. This development eliminates the necessity for traditional point-of-sale (POS) hardware, allowing for a more flexible payment acceptance model within the Saudi market. The solution is part of EdfaPay’s integrated ecosystem, which includes a secure e-payment gateway and multiple digital payment channels designed to reduce reliance on legacy terminals.
Empowering The Financial Ecosystem
Beyond direct merchant services, EdfaPay provides a comprehensive infrastructure tailored for banks, SAMA-licensed payment companies, and merchant service providers. The platform offers API-driven and white-label solutions that allow these institutions to launch branded payment services under their own identities. Partners can manage these services through a unified dashboard to drive efficient expansion across various sectors.
About EdfaPay
Founded in 2022 in Riyadh, EdfaPay offers a modern payments infrastructure designed to simplify operations and accelerate digital commerce growth. The company empowers businesses to process and manage payments across physical, online, and mobile channels. EdfaPay currently operates in multiple markets including the Middle East and North Africa (MENA), South Asia, and Latin America (LATAM).
Source: Press Release
