EFG-Hermes Holdings SAE Strategic Partnership to Launch Paytabs Egypt
Powering Cashless Payments in Egypt
EFG Hermes and PayTabs enter into a strategic partnership to launch PayTabs Egypt, a mass B2C and B2B payment acceptance and solutions provider
Cairo, 13 April 2020: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it has entered a strategic partnership agreement with PayTabs, an award-winning global fintech solutions provider, to launch PayTabs Egypt.
PayTabs Egypt will build a cutting-edge platform to facilitate financial inclusion, catering to both the online and digital payment needs of multiple consumer segments in the country, whether the mass affluent or the emerging affluent segments. It will carry out financial transactions remotely, quickly, and seamlessly – be it purchases, money collection or paying bills, online or offline – through a simple, user-friendly interface that onboards users in a few easy steps.