Valu, Bosta, and PayTabs Egypt Collaborate to Pioneer Instalment on Delivery Feature

In a groundbreaking collaboration, three major players in the industry—Valu, Bosta, and PayTabs Egypt—have joined hands to revolutionize e-commerce in Egypt by introducing the country's first-ever Instalment on Delivery (IOD) feature for online purchases.

This strategic alliance is geared towards enhancing the overall shopping experience for consumers, driving sales for businesses, and catalyzing growth in the e-commerce sector.

Responding to the specific needs of small and medium-sized businesses, Bosta is now offering a value-added service of instalment payments for their customers at no extra cost.

Customers, upon delivery, can opt to pay in instalments through Bosta's courier service.

For those with a Valu account, convenient instalment plans ranging from one to sixty months are available, offering a revolutionary approach that significantly enhances the convenience and affordability of online shopping.

Motaz Lofty, Senior Director of Business Development and Strategic Partnerships at Valu, expressed excitement about the partnership, stating, "We are thrilled to announce our collaboration with Bosta, a leading logistics service provider in Egypt and Saudi Arabia. This strategic agreement will reshape the shipping landscape in Egypt, providing greater advantages to e-commerce businesses. By teaming up with Bosta, Valu aims to simplify the purchasing process and drive increased sales for our valued customers. This innovative initiative reflects our commitment to providing convenient and flexible instalment solutions, streamlining the buying experience for everyone by eliminating the need for merchants to register for Valu's services—a step that unnecessarily complicates closed-loop financing."

Mohamed Ezzat, CEO and Co-founder of Bosta, expressed excitement about the agreement, stating, "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, also commented on the partnership, saying, "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."

Having emerged in late 2017, Valu has consistently revolutionized the Egyptian fintech landscape, aligning with its broader strategy to enhance people's quality of life and contribute to financial inclusion across the country.

Today, Valu is a household name in Egypt, playing a pivotal role in fostering financial empowerment and inclusivity by introducing innovative and deeply integrated financial solutions.

The company's services include investment products, an instant cash redemption program, and savings solutions through five distinct verticals: U, Business, Akeed, Flip, and Invest.

Source: Daily News Egypt