eFinance, EFIG’s subsidiary & Egypt’s leading financial technology company specializing in digital solutions and electronic payment services, signs a Memorandum of Understanding (MoU) with Saudi Arabia’s National Security Services Company (SAFE), a subsidiary of the Public Investment Fund. This partnership marks a strategic step towards enhancing financial technology and security services in the region.

The announcement was made during the 28th edition of the Cairo ICT International Technology Conference and Exhibition for the Middle East and Africa, held under the patronage of His Excellency President Abdel Fattah El-Sisi.
This collaboration aligns with eFinance’s strategic initiative to support financial institutions in adopting outsourcing solutions for managing ATM services, point-of-sale (POS) devices, and cash deposit machines. Both companies will also explore joint solutions in cloud computing and international money transfer services between Egypt and Saudi Arabia.

The MoU was signed by Eng. Hossam El-Goly, eFinance’s CEO, and Mr. Turki bin Maatouq Al-Thonayan, CEO of SAFE, in the presence of Mr. Ibrahim Sarhan, Chairman & CEO of eFinance Investment Group.

Under this agreement, eFinance will leverage its expertise to provide advanced cloud hosting, operational services, and technical support tailored to financial institutions while SAFE will supply specialized equipment and experts, enabling the development of integrated solutions across ATM, POS, and cash deposit services.

The partnership aims to combine SAFE’s security-focused innovations with eFinance’s technological expertise to develop comprehensive solutions that meet the demands of financial institutions. This cooperation is designed to foster seamless integration of technology and security while supporting the economic visions of both nations—Saudi Vision 2030 and Egypt Vision 2030.