ArabFinance: PayTabs Egypt, a joint venture between EFG Hermes (HRHO) and PayTabs, announced that existing and prospective clients will be offered access to set up a payment gateway free of charge for a three-month period, according to EFG Hermes' statement filed to the Egyptian Exchange.

The offer is available to businesses that process approximately EGP 100,000 per month in online sales.

From 1 October 1st to December 31st, eligible merchants will enjoy complimentary access to benefit from PayTabs, allowing them to rapidly integrate their various cash inflows onto a single platform.

The initiative is intended to support SMEs that have endured financial challenges with the COVID-19 crisis and is not limited to specific industries or market segments.

PayTabs Egypt’s platform enables SMEs to instantly accept payments from the widest array of payment methods (via PayTabs Egypt’s gateway) made available on their websites, mobile applications, social media and messaging platforms

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