EdfaPay secures license to operate in Morocco

By Gloria Methri

Saudi FinTech EdfaPay has announced its expansion into the Moroccan market after receiving an official license to operate in the country. This achievement aligns with EdfaPay’s vision to empower the global financial landscape and will also fuel its global expansion.

With this new license, EdfaPay will bring its latest financial solutions, including Soft POS and Payment Gateway, to merchants and customers across Morocco to leverage expertise and sustainable technology that will drive efficiency, security, and simplicity in financial transactions.

“Our expansion into Morocco marks a pivotal moment for EdfaPay as we continue to grow our footprint and bring our innovative solutions to new markets,” said Ghormallah Al-Ghamdi CEO of EdfaPay. “We are committed to providing Moroccan businesses and consumers with the highest standards of financial technology, enhancing their transaction experience and contributing to the local economy,” he added.

EdfaPay is a Riyadh-based FinTech that strives to improve the electronic payment experience by providing innovative solutions for merchants and consumers worldwide. The company operates in the MENA region, Latin America, and Pakistan and plans to expand to Europe soon.

EdfaPay’s Soft-POS solution allows businesses to accept card payments on the go, while Payment Gateway enables secure online transactions. Additionally, its e-invoicing service streamlines the invoicing process, making it easier for businesses to manage their financial transactions.

EdfaPay said adding the license to operate in Morocco is a testament to its dedication to expanding its services and reinforcing its position in the FinTech industry. The company looks forward to building strong partnerships and contributing to the financial growth and stability of the Moroccan market.