EFG Hermes partners with PayTabs over cashless payment in Egypt
This platform will cater to both online and digital payment needs of multiple consumer segments
Image used for illustrative purpose.
By Staff Writer, Arab Finance
ArabFinance: Egyptian Financial Group Hermes Holding Company (HRHO) EFG Hermes has teamed up with PayTabs to launch PayTabs Egypt, according to an EGX statement.
Upon this strategic partnership, PayTabs Egypt will establish a state-of-the-art platform for financial inclusion.
This platform will cater to both online and digital payment needs of multiple consumer segments across Egypt, whether the mass affluent or the emerging affluent segments. It is expected to be launched in the short term.
Financial transactions will be executed remotely, quickly, and seamlessly through a simple, user-friendly interface that onboards users in a few easy steps.
PayTabs Egypt platform is also expected to step in to provide merchants and businesses with several progressive payment acceptance methods, including QR codes and payment gateways
Industry veteran Hany Soliman has been appointed as the General Manager of PayTabs Egypt. Soliman brings to the company 17 years of diversified expertise.
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