Riyadh-based fintech powerhouse EdfaPay has announced a landmark achievement, becoming the first payment solutions provider in the MENA region to secure a triple certification from the Payment Card Industry (PCI) Security Standards Council. This unprecedented accomplishment solidifies the company’s commitment to data security and sets a new benchmark for trust and reliability in the region’s rapidly evolving digital payments landscape.
A Regional First in Payment Security
EdfaPay has successfully obtained three of the most stringent global security certifications simultaneously, a feat that distinguishes it from its regional competitors. This triple validation underscores a holistic approach to securing the entire payment lifecycle for its merchants and their customers. The certifications include:
- PCI DSS (Payment Card Industry Data Security Standard): This ensures that EdfaPay’s systems for storing, processing, and transmitting cardholder data are robustly protected against breaches and theft.
- PCI 3DS (Payment Card Industry 3-D Secure): This standard adds a critical layer of authentication for online card-not-present transactions, significantly reducing the risk of fraudulent payments for e-commerce merchants.
- PCI PIN (Payment Card Industry PIN Security): This certification governs the secure management and processing of Personal Identification Numbers (PINs) at ATMs and point-of-sale (POS) terminals, safeguarding in-person transactions.
Achieving all three standards is a testament to EdfaPay’s deep investment in building a fortified infrastructure, positioning it as a leader not just in product innovation but also in operational excellence and security governance.
Building a Foundation of Trust
“In the digital economy, trust is the ultimate currency,” stated Ghormallah Al-Ghamdi, CEO and Founder of EdfaPay. “This triple PCI certification is more than a compliance milestone; it’s a promise to our partners and customers that their security is our highest priority. By embedding world-class security into the core of our platform, we are empowering businesses across MENA to grow with confidence.” This focus on security is crucial for accelerating digital payment adoption, particularly among small and medium-sized enterprises (SMEs) who rely on their payment partners to manage complex security requirements.
Strategic Implications for MENA’s Fintech Ecosystem
EdfaPay’s achievement sends a powerful signal across the MENA fintech ecosystem. It raises the bar for security expectations, likely prompting other payment providers to bolster their own compliance and security measures. For venture capitalists and institutional investors, this level of certification de-risks investment and demonstrates a maturity and readiness for enterprise-level scale. Furthermore, this accomplishment aligns directly with national digital transformation initiatives like Saudi Vision 2030, which aim to foster a secure and cashless economy by building robust financial infrastructure.
About EdfaPay
Founded in Saudi Arabia, EdfaPay is a leading financial technology company providing a comprehensive suite of payment solutions for businesses of all sizes. Its offerings include advanced payment gateways for e-commerce, modern POS terminals, and innovative softPOS technology that turns smartphones into payment devices. EdfaPay is dedicated to simplifying payments and empowering merchants across the MENA region to thrive in the digital age.
Looking Ahead
With this unparalleled security framework in place, EdfaPay is well-positioned for its next phase of growth. The company is expected to leverage its certified platform to accelerate its expansion into new markets within the GCC and North Africa. The certifications will also enable EdfaPay to forge strategic partnerships with larger enterprises and financial institutions that demand the highest levels of security assurance. As the digital payments market in MENA continues its exponential growth, leaders will be defined not only by their features but by the foundational security they provide, a domain where EdfaPay has now clearly established a new gold standard.
Source: MEA TechWatch
