EdfaPay obtains its licence in Morocco

Tuesday 9 July 2024 09:25 CET | News

Saudi Arabia-based fintech EdfaPay has received a licence for its financial payment solutions in Morocco, expanding its operations into the market. 

Following EdfaPay’s expansion into Tunisia in April 2024 , the current announcement, which allows the firm to operate in the country, supports its commitment to enable the global financial landscape. The newly obtained licence is set to allow EdfaPay to provide its financial solutions, including Soft POS and Payment Gateway, to merchants and customers across Morocco. Through its knowledge and sustainable technology, the firm plans to increase the efficiency, security, and simplicity of financial transactions.

EdfaPay has received a licence for its financial payment solutions in Morocco, expanding its operations into the market.

Furthermore, representatives from EdfaPay highlighted that the expansion into Morocco assists the company as it further grows its footprint and delivers its solutions to additional markets. The company underlined its allegiance to offering Moroccan businesses and consumers optimised financial technologies, whilst improving their transaction experience and contributing to the local economy. In addition to Morocco, EdfaPay currently provides its solutions to Saudi Arabia, Pakistan, Latin American markets, and Tunisia. Securing the licence enables the firm to solidify its position in the fintech industry as it moves forward in developing strategic collaborations and contributing to the financial growth and stability of the Moroccan market.

EdfaPay’s expansion into Tunisia

By receiving a licence and approval for its payment solutions in the Tunisian market via its branch WePay in cooperation with We-Settle, EdfaPay worked towards solidifying its plans for growth in Africa’s financial payments sector, while also assisting countries in their digital transformation. Through this expansion, the firm intended to offer payments integrated solutions that could keep up with global market demands and promote advanced technological payments in the region. Before this news, EdfaPay obtained licences from global payment companies, including Visa, Mastercard, and American Express.

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Keywords: expansion, online payments, mobile payments, digital payments, customer experience, financial services
Categories: Payments & Commerce
Companies: EdfaPay
Countries: Morocco
This article is part of category

Payments & Commerce


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