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PayFort, an Amazon company, has announced a new partnership with valU for installment sales services, to offer payment plans to a wide group of e-commerce stores.
The agreement avails yet another checkout method for Egyptian online shoppers. The 'buy now, pay monthly' service allows valU customers in Egypt to access three to 60 months installment options for online purchases.
"Egyptian consumers prefer to pay in monthly installments over discount or any other financial incentive," said Omar Soudodi, managing director of PayFort. "In its first phase, all PayFort merchants in Egypt will be able to offer the new payment option to the registered customers of valU, wherein the line of credit has already been granted. However, there are also plans to expand the service to offer new payment options to more Egyptian consumers in the near future."
"Our partnership with PayFort marks another step in our mission," said Mohamed El Feky, CEO of valU.
- business@khaleejtimes.com
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