In a significant move towards digitalising the Egyptian e-commerce landscape, Valu, a leading FinTech company in the MENA region, has partnered with ShipBlu and PayTabs Global Egypt.
This collaboration aims to change payment methods for online deliveries, offering customers a more convenient and secure way to pay for their purchases.
Bridging the Gap Between Traditional and Digital Payments
The partnership addresses a key challenge in Egypt’s e-commerce market: the reliance on cash on delivery (COD) transactions. By enabling Valu customers to use their available credit limit to pay for online orders delivered by ShipBlu, even if the seller is not part of Valu’s merchant network, the collaboration bridges the gap between traditional and digital payment methods.
A Commitment to a Cashless Society
Motaz Lotfy, Business Development and Strategic Partnerships Senior Director of Valu, highlighted the importance of this partnership in supporting Egypt’s transition towards a cashless society.
“This collaboration represents a significant step forward in providing customers with a more convenient and secure way to pay for their online purchases,” he said.
Leading the Transformation in the Shipping Industry
Ali Nasser, Co-Founder and CEO of ShipBlu, emphasised the company’s commitment to leading the transformation in the shipping industry.
“We are excited to introduce a seamless Payment-on-Delivery (PoD) system that moves away from the traditional Cash-on-Delivery model,” he said. “This partnership with Valu and PayTabs Global Egypt will provide our customers with a wider range of payment options and enhance their overall shopping experience.”
READ ALSO:
Fintech Startup FlapKap Receives Significant Pre-Series A Funding
A Seamless Payment-on-Delivery (PoD) System
The partnership introduces a new Payment-on-Delivery (PoD) system that allows customers to pay for their online orders upon delivery using various digital payment methods. PayTabs Egypt provides the secure payment processing technology to facilitate this integration, ensuring a safe and efficient transaction process.
Expanding Payment Options on the myBlu App
The myBlu app, developed by ShipBlu, has been enhanced to support a variety of payment methods, including credit or debit cards, QR code payments, eWallets, and Valu’s financing services. This gives customers more flexibility and convenience when making payments for their online purchases.
About Valu
Valu is a leading universal financial technology powerhouse that offers a comprehensive suite of financial services to individuals and businesses. Since its launch in 2017, Valu has continued to provide a wide range of innovative and convenient financial solutions and products to its customers.
How Valu Works
- Download the Valu App: Start by downloading the Valu app from your preferred app store.
- Search for Your Desired Store: Browse through Valu’s extensive network of over 6,000 points of sale and 1,500 online stores.
- Choose Your Payment Plan: Once you’ve found what you’re looking for, enter the transaction amount and select a payment plan that suits your budget. Valu offers customisable financing plans for up to 60 months, providing you with the flexibility to spread out your payments over time.
- Scan and Pay: Simply scan the QR code presented by the merchant, and your purchase will be processed seamlessly.
Key Features of the Valu BNPL Platform:
- Customisable Financing Plans: Choose from a range of financing plans that extend up to 60 months, giving you the flexibility to manage your payments according to your budget.
- Extensive Network of Partners: Enjoy the convenience of shopping at over 6,000+ physical points of sale and over 1,500+ online stores and apps. Their vast network ensures you have a wide range of options to choose from.
READ ALSO:
Chpter’s Expansion Plans for Nigeria and Egypt
Beyond BNPL
In addition to their BNPL platform, Valu offers a suite of financial services designed to enhance your overall financial well-being:
- Cash Redemption: Need instant cash? Simply redeem your paid invoices at any nearby Sha2lbaz store and access funds within minutes. Their flexible repayment options allow you to spread payments over 60 months, making it easy to manage your finances.
- Save-to-Buy Platform: Save money and earn returns with Valu’s innovative save-to-buy platform. Set your savings goals and watch your funds grow over time.
- Investment Opportunities: Unleash your investment potential with Valu Invest, their money market fund developed in partnership with Azimut. Additionally, explore EFG Hermes One, their trading app that provides a seamless and intuitive investment experience.
- E-Gift Cards: Stay connected with loved ones and send them thoughtful gifts using Valu’s widely accepted e-gift cards. It’s a convenient and simple way to express your appreciation.
The partnership between Valu, ShipBlu, and PayTabs Global Egypt marks a significant milestone in the evolution of e-commerce payments in Egypt.
By offering customers a more convenient and secure way to pay for their online orders, this collaboration has the potential to drive the adoption of digital payments and contribute to the growth of the e-commerce industry in the country.