Saudi firm Thiqah Business Services and e-finance for Digital and Financial Investments have signed a memorandum of understanding (MoU) to expand their services to the Egyptian market, according to a company’s statement.

Under the agreement, both companies will provide digital solutions, electronic payment services, and integrated technological systems needed by the private and public sectors in Egypt and Saudi Arabia.

“Our partnership with Thiqah is perfectly aligned with the Group’s investment strategy, which aims to expand our activities and business operations outside Egypt, especially in markets that present attractive growth opportunities and allow us to maximize value for shareholders,” said e-finance’s Chairman Ibrahim Sarhan.

This cooperation between both companies will expand expanding e-finance services to more international markets.