- AFS Egypt launches a fully licensed SoftPOS solution approved by the Central Bank of Egypt.
- The service enables Android smartphones with NFC to accept contactless payments without traditional POS devices.
- The solution supports digital payments growth and financial inclusion across businesses of all sizes.
AFS Egypt, a digital payments solutions provider, has officially launched its SoftPOS service across Egypt after obtaining full licensing approval from the Central Bank of Egypt. With this move, AFS Egypt becomes one of the first companies in the local market to offer a fully licensed SoftPOS solution.
Turning Smartphones into Payment Terminals
The new SoftPOS solution allows merchants and businesses to transform any Android smartphone equipped with NFC technology into a secure and smart point-of-sale device. The solution enables contactless payment acceptance without the need for traditional or costly POS terminals, while supporting all contactless payment cards.
This development offers a practical and cost-efficient alternative for businesses seeking to modernize their payment acceptance methods, particularly small and medium-sized enterprises.
Launched Amid Rapid Growth in Digital Payments
The launch comes at a time when Egypt’s digital payments market is experiencing accelerated growth, especially in mobile-based payment solutions. This trend has increased demand for flexible, low-cost technologies that help merchants keep pace with the shift toward a digital economy.
AFS Vision for Financial Inclusion
Commenting on the launch, Samer Suleiman, CEO of AFS, stated that the SoftPOS service represents a significant milestone for both the company and Egypt’s payments ecosystem. He explained that the solution enables businesses of all sizes to accept digital payments without the financial burden of traditional POS hardware.
Suleiman added that the fully licensed solution allows any NFC-enabled Android smartphone to instantly function as a secure payment device, reducing operational costs and expanding access to digital payment acceptance.
Supporting a More Inclusive Digital Economy
AFS Egypt highlighted that the SoftPOS solution will support faster expansion of the digital payments ecosystem and simplify daily commercial transactions. This, in turn, enhances operational efficiency for merchants and strengthens financial inclusion, in line with Egypt’s national strategy to expand electronic payment acceptance and reduce reliance on cash.
The SoftPOS launch represents a key step in empowering Egypt’s fintech sector by providing a scalable, smart payment solution that offers merchants greater flexibility, particularly in governorates and areas where affordable and rapid deployment is essential.
