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EFG Hermes PayTabs

EFG Hermes, PayTabs launch cutting-edge payment platform in Egypt

PayTabs Egypt platform will provide merchants and businesses with QR codes and gateway methods among other payment acceptance methods

Egyptian Financial Group Hermes (EFG Hermes) has partnered with PayTabs, a global finch firm to launch PayTabs Egypt. EFG Hermes is a leading financial group in frontier emerging markets. The launch of PayTabs Egypt will lead to a cutting-edge platform to promote financial inclusion in Egypt, media reports said. 

The platform will drive financial inclusion by catering to both online and digital payment needs across various consumer segments in Egypt. In addition, PayTabs Egypt platform will provide merchants and businesses with a range of payment acceptance methods. This even includes QR codes and payment gateways, media reports said. 

Walid Hassouna, CEO of EFG Hermes Finance & Group Head of Debt Capital Markets, told the media, “Our partnership with PayTabs — a global player renowned for a longstanding track record of innovative fintech solutions  — is not only part and parcel of our goal to expand our portfolio of NBFI companies but central to our strategy to bolster financial inclusion in the nation. As the world grapples with the effects of COVID-19 on daily financial interactions at brick-and-mortar facilities, we feel like this partnership will bring to market a platform that will facilitate financial interactions safely, securely, and effectively all while closing the gap between the formal economy and the unbanked.”
 
The new venture aims to introduce innovative fintech solutions and payment processing platforms in Egypt. Its platform is user-friendly and all payments can be processed in a single click. It will carry our financial transactions in a swift and easy manner for consumers in Egypt. 

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