EdfaPay has obtained the necessary regulatory approval to launch its Smart SoftPOS service in Saudi Arabia, following a thorough technical evaluation by the Payments Authorisation Centre at the Saudi Central Bank (SAMA).

The approval signifies that EdfaPay’s solution aligns with the security and compliance standards set by SAMA for payment services operating within the Kingdom. This assurance is crucial as it enables merchant establishments to securely process card-based transactions via Android mobile devices.

With this service now live, smaller businesses in Saudi Arabia can benefit from reduced operational costs associated with traditional point-of-sale hardware by leveraging their existing smartphones and tablets for payment acceptance. This shift towards software-based solutions is anticipated to facilitate broader adoption of digital payments among consumers through familiar devices.

Enhancing Payment Infrastructure in Saudi Arabia

EdfaPay’s Smart SoftPOS solution is part of a comprehensive suite of payment tools aimed at supporting banks, SAMA-licensed payment firms, and merchant service providers. By offering these integrated services, EdfaPay helps partners to more swiftly deploy payment acceptance solutions while ensuring compliance with local regulatory guidelines.

In addition to SoftPOS, EdfaPay provides an all-in-one payments environment that encompasses contactless payment methods, electronic gateways, and multiple digital channels. This integration is expected to streamline merchants’ operations by minimizing reliance on physical terminal infrastructure.

Furthermore, EdfaPay supplies API-based and white-label solutions for banks, fintech firms, and large enterprises. These offerings empower partners to introduce payment services under their own brand names while leveraging EdfaPay’s robust backend technology. All these services can be centrally monitored via a unified dashboard, enhancing operational control across various payment channels.