PayTabs Egypt provides SMEs with 3 months free online payment, collection: EFG Hermes


PayTabs Egypt, a joint start-up company between EFG Hermes and PayTabs International, has announced it will facilitate free electronic payment and collection services to small- and medium-sized enterprises (SMEs) for three months.

The initiative aims to help SMEs overcome the consequences of the recent economic slowdown and other repercussions caused by the novel coronavirus (COVID-19).

It covers all sectors and commercial markets in which SMEs operate, and covers average monthly online sales of EGP 100,000.

In a statement to the Egyptian Exchange (EGX) on Tuesday, EFG Hermes said that PayTabs Egypt set up the initiative to accelerate the pace of moving from in-store retail systems to modern e-commerce platforms.

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