ValuPartners with Bostafor Enhanced Logistic Solutions for E-Commerce Businesses and ConsumersPowered by PayTabs Egypt to Implement Installment on Deliveryfor the First Time in Egypt
ValuPartners with Bostafor Enhanced Logistic Solutions for E-Commerce Businesses and ConsumersPowered by PayTabs Egypt to Implement Installment on Deliveryfor the First Time in Egypt
The newfeature introduces the concept of Installment on Delivery to the Egyptian market and elevates the shopping experience as well as boosts sales for e-commerce businesses.
Valu, MENA’s leading universal financial technology powerhouse, announced its partnership withBosta, the leading tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia, via a strategic agreement.PayTabs Egypt, MEASA’s award-winning payments powerhouse, developedthis innovative featureto facilitate the payment of shipments using the installmenton delivery(IOD) featurethrough the Valu appfor the first time in Egypt. This agreement aims to elevate the purchasing process and boost sales for e-commerce businesses.
This strategic move comes in response to the needs of small and medium-sized businesses, withBosta offering a value-added service of installment payments for their customers atnoadditional cost. Upon delivery, customers are given the opportunity to pay ininstallmentsvia Bosta’s courier. Customers with a Valu account are provided with convenient installment plans ranging from oneto sixtymonths.This innovative approach will significantly enhance the convenience and affordability of shopping for customers.
Expressing his enthusiasm forthe partnership, Motaz Lofty, Business Development and Strategic PartnershipsSenior Director of Valu,stated, “We are thrilled to announce our partnership with Bosta, a leading logistics service provider in Egypt and Saudi Arabia. This strategic agreement will transform the concept of shipping in Egypt,offering greater benefits to e-commerce businesses. By collaborating with Bosta, Valu aims to ease the purchasing process and achieve higher sales for our valued customers. This innovative initiative reflects our commitment to providing convenient and flexible installment solutions, making the buying experience seamless and accessible for allby bypassing the need for the merchant to register for Valu’s services. Hence, an unnecessary step that complicates closed-loop financing willbe eradicated.
Mohamed Ezzat, CEO and Co-founder of Bosta, said, “We are extremely excited to sign this agreement with Valu, especially as Bosta is the first shipping company in Egypt to offer this service to its customers. This presents a remarkable opportunity for us to enhance growth for businesses and provide superior service for our clients.”
Karim Eyada, General Manager of PayTabs Egypt, commented, “We are proud to partner with Valu and Bosta on this groundbreaking initiative. PayTabs Egypt’s secure and reliable payment gateway will ensure a smooth and seamless experience for both businesses and consumers. We believe this partnership has the potential to have a positive impact on e-commerce growth in Egypt.The duration of the entire transaction will be shorter than the time required to count cash.”
Since its inception at the end of 2017, Valu has continued to revolutionize the Egyptian fintech landscape through its innovative offerings as part of its broader strategy to improve people’s quality of life and contribute to promoting financial inclusion across the country. Over the years, Valu has consistently pushed the boundaries of the market by introducing innovative and deeply integrated financial solutions. Today, Valu is a household name in Egypt; it plays a pivotal role in fostering financial empowerment and inclusivity within the market, extending its services to include investment products, an instant cash redemption program, and savings solutions through five unique verticals: U, Business, Akeed, Flip, and Invest.