valU, PayTabs Egypt ink partnership deal with Mazadat

valU, PayTabs Egypt ink partnership deal with Mazadat

ArabFinance: valU, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes) (HRHO), has signed a partnership agreement with PayTabs Egypt and Mazadat, according to an emailed press release on February 2nd.

The agreement will enable Mazadat’s users to utilize the buy-now pay-later (BNPL) services provided by valU for C2C and B2C e-commerce, and process online payments via PayTabs Egypt’s payment gateway.

Under this partnership, customers of Mazadat will benefit from valU’s financing plans and pay for products seamlessly via PayTabs payment gateway, through auctions or fixed-price listings.

This will help customers in fulfilling their lifestyle-oriented purchases and improving their shopping experience to be more affordable, sustainable, and accessible.

The agreement has been signed at valU’s premises in the presence of Walid Hassouna, CEO of the Non-Bank Financial Institutions (NBFI) platform at EFG Hermes Holding and CEO of valU; General Manager of PayTabs Egypt Hany Soliman, and CEO and Founder of Mazadat Karim Badawi.

“As we continue to expand our network of valued partners to enable our clients to live their desired lifestyles, we are extremely pleased to be partnering with the newly-launched Mazadat platform, MEA’s first-of-its-kind auctions and e-commerce marketplace, to allow users to purchase and pay for goods in 6-to-60-month installments with no