Majid Al Futtaim partners with valU to Introduce Sha2labaz at its malls in Egypt

  • Date: 19-May-2022
  • Source: Gulf Business
  • Sector:Economy
  • Country:Egypt
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Majid Al Futtaim partners with valU to Introduce Sha2labaz at its malls in Egypt

Majid Al Futtaim has partnered with valU, the buy-now, pay-later (BNPL) lifestyle enabling fintech platform. Through Sha2labaz, the redemption product introduced by valU in November 2021, both non-valU and valU shoppers at Mall of Egypt and City Centre Almaza will receive cash reimbursements against any purchase they make. Payments can be made in installments by selecting one of valU’s payment tenors paid over versatile installment plans ranging from six to 60 months. The amount reimbursed will vary subject to the customer’s valU limit, providing instant access to easy payment solutions. Sha2labaz is a product that has enabled the BNPL platform to expand its service offering to a wider audience, further highlighting the brand’s efforts to provide instant access to installment products. Hanny El Messiry, MD of West Region Shopping Malls at Majid Al Futtaim – Properties, commented, “At Majid Al Futtaim Properties, we are constantly identifying and adopting new and innovative solutions that create elevated shopping experiences, and look to offer our customers added convenience and comfort. This partnership with valU is a testament to this commitment, enabling us to continue to meet and address the demand for flexible and efficient payment processes and plans in Egypt. We will remain