Riyadh - Sharikat Mubasher: The Saudi fintech company, EdfaPay, entered into a cooperation agreement with the Brazilian ANFAP company to launch softPoS services and reshape payment technologies in Brazil, the Saudi company announced in a recent press release.

As per the deal, EdfaPay will offer various solutions to companies working in the Brazilian market, which is considered the largest in Latin America.

EdfaPay is a Saudi leading fintech company using softPoS technology and payment services for online and offline merchants in the Kingdom. All financial transactions executed by EdfaPay are secured and authorized by the Saudi Central Bank (SAMA).

It is worth noting that the agreement comes in line with ANFAP’s goals to promote digital inclusion and develop specific and personalized solutions to enable merchants to receive payments through different payment solutions. Thus, this will contribute in reducing bureaucratic processes, technology costs, and integration complexity.