{"id":17330,"date":"2022-05-25T11:42:02","date_gmt":"2022-05-25T11:42:02","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=17330"},"modified":"2022-06-06T08:36:48","modified_gmt":"2022-06-06T08:36:48","slug":"buy-now-pay-later-scheme-introduced-to-majid-al-futtaim-egypt","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/05\/25\/buy-now-pay-later-scheme-introduced-to-majid-al-futtaim-egypt\/","title":{"rendered":"Buy-Now-Pay-Later scheme introduced to Majid Al Futtaim Egypt"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-contrast=\"auto\">Majid Al Futtaim, shopping centre developer and operator, has partnered with valU, Buy-Now-Pay-Later platform operating in the Middle East and North Africa, to introduce its Sha2labaz scheme to Egypt.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Shoppers at City Centre Almaza and Mall of Egypt can redeem the value of their purchases at retail outlets for cash, regardless of whether they are pre-registered members of valU.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Operated by Egyptian Finance Group (EFG) Hermes Holding, valU allows shoppers to pay back the amount in instalments over six months to five years.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAt Majid Al Futtaim Properties, we are constantly identifying and adopting new and innovative solutions that create elevated shopping experiences, and look to offer our customers added convenience and comfort,\u201d said Hanny El Messiry, managing director of Majid Al Futtaim Properties\u2019 West Region shopping malls.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThis partnership with valU is a testament to this commitment, enabling us to continue to meet and address the demands for flexible and efficient payment processes and plans in Egypt.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe will remain dedicated to ensuring customer experience is at the heart of our operations and ensuring that we continue to pursue opportunities that create great moments for everyone every day,\u201d Mr El Messiry added.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The partnership aligns with valU\u2019s aim to expand its customer base.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">valU aims to amass EGP5 million in sales per day during August and September, said Walid Houssana, CEO of valU and the Non-Bank Financial Institutions platform at EFG Hermes Holding.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe are delighted to be introducing \u2018Sha2labaz\u2019 to Majid Al Futtaim\u2019s flagship shopping malls in Egypt in line with our ongoing efforts to offer convenient financial solutions for our customers and non-valU clients as they benefit from the opportunity to draw on valU\u2019s seamless BNPL model,\u201d said Walid Houssana, CEO of valU and the Non-Bank Financial Institutions platform at EFG Hermes Holding.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cOur long-standing partnership with Majid Al Futtaim\u2019s shopping malls in Egypt has allowed us both to offer customers an enhanced experience across the budding retail space in the country.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThis unique product is a testament to the versatility and ingenuity of the valU team as it reflects our clear focus on customer centricity, making sure that our customers feel empowered at all times.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAt valU, we stand by the belief that customers\u2019 trust deserves to be met with innovative solutions and a seamless customer experience,\u201d Mr Hassouna added.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The scheme will soon be available across all retail outlets operated by Majid Al Futtaim in Egypt.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shoppers can use buy-now-pay-later schemes at two Majid Al Futtaim centres in Egypt. 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