Valu, Bosta & PayTabs streamline payment processing for e-commerce merchants
By Delisha Fernandes
Valu, a FinTech company, has partnered with Bosta, a tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia. The partnership aims to enhance the purchasing process and boost sales for e-commerce businesses.
PayTabs Egypt developed this innovative feature to facilitate the payment of shipments using the installment on delivery (IOD) feature through the Valu app for the first time in Egypt.
Motaz Lofty, Business Development and Strategic Partnerships Senior Director of Valu, stated, “We are thrilled to announce our partnership with Bosta, a leading logistics service provider in Egypt and Saudi Arabia. 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 all by bypassing the need for the merchant to register for Valu’s services.”
This strategic move comes in response to the needs of small and medium-sized businesses, with Bosta offering a value-added service of installment payments for their customers at no additional cost. Customers with a Valu account are provided with convenient installment plans ranging from one to sixty months.
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, said, “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.”
IBSi Daily News Analysis
February 28, 2024
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