“Value” signs a cooperation protocol with the Arab Organization for Industrialization – the electronics factory and “Zero Tech” for insurance systems to provide easy installment programs for customers

Through this agreement, VALEO aims to facilitate customer access to cutting-edge technological products through public companies.

Cairo: Valeo, the first Buy Now Pay Later (BNPL) platform, announces today To improve the advanced lifestyle in the Middle East and North Africa, the signing of a protocol with the Arab Organization for Industrialization, one of the largest companies specializing in the manufacture of electronic products and devices in Egypt, and Zero Tech, specializing in high quality security and safety systems technology. Under this protocol, customers will be able to benefit from the financing solutions offered by “Value” when purchasing any consumer product, whether from the Arab Organization for Industrialization or Zero Tech.

The agreement was signed by Mr. Walid Hassouna, CEO of the non-banking financial sector at EFG Hermes Holding and CEO of “Value”, and engineer Ahmed Mohamed Abdel Aziz, chairman of the board of directors of the electronics factory – Arab Organization for Industrialization, during a press conference held at the Authority’s advertising factory on the agreement.

This agreement allows customers to obtain their appliance, electronic and other needs through the easy financing plans offered by the company, which will allow the authority and Zero Tech to reach a larger segment of customers.

This agreement will allow Arab Organization for Industrialization customers to benefit from the concessional financing plans offered by the company “Valeo”, which will allow them to purchase a wide range of consumer products, including telephones, televisions and household appliances, such as microwaves. , in addition to fans, vacuum cleaners and others. Additionally, this protocol will allow Zero Tech customers to obtain a variety of the company’s products at reasonable prices with payment plans of up to 60 months, including electronic surveillance systems, which include cameras surveillance systems, fingerprint attendance devices, electronic entry and exit systems. , and online communication systems. Video and surveillance systems, in addition to electronic home control systems and fire alarms.

Commenting on this agreement, Walid Hassouna stressed that the cooperation with two of the largest national industrial companies in the Egyptian market is a source of pride for the company, noting that this protocol will allow Valeo to cooperate with the two companies to serve the Egyptians. in light of the difficult economic conditions, in the context of high inflation rates, as well as improving the chances of increasing national production rates. He added that this protocol, which marks an important step in the company’s progress, is part of the “Value” plans aimed at maximizing value for customers and facilitating their access to the latest technological solutions and daily household needs. Hassouna confirmed Valeo’s leading position as the leading Buy Now and Pay Later (BNPL) platform to improve the changing lifestyle in the Middle East and North Africa region by improving the way of long-term life of Egyptians. Furthermore, Hassouna stressed that the company plays a pivotal role in strengthening the Egyptian economy and looks forward to maximizing the benefits of this protocol and expanding its customer base in the Egyptian market.

The Arab Organization for Industrialization is committed to developing, developing, testing and acquiring the latest technologies and techniques to confirm its competitive leadership and ability to access markets and harness its innovation capabilities to deliver diversified factories and integrated industrial services. Its expertise and investments are consistent with modern and diverse policies, programs, projects and customer requirements. Its activities of strategic partnerships, entrepreneurship, business and products meet the needs of society because they are of high quality and environmentally friendly. The Arab Organization for Industrialization also maintains its position as the backbone of industrial localization and a center of excellence for advanced science alongside it. It is therefore an organization open to the creation of business solutions, to learning, to research and development and to the respect of best practices in the industry.

For his part, engineer Ahmed Abdel Aziz, chairman of the board of directors of the electronics factory, the Arab Organization for Industrialization, expressed his joy at this cooperation, through which the Arab Organization for industrialization seeks to easily provide the best electronic products to customers. . He pointed out that the cooperation with Valeo aims to expand installment services that allow customers to pay in installments from 6 months to 60 months. This will make it easier to buy electronic products, which will help increase the number of customers and help us reach larger segments. He pointed out that the Arab Organization for Industrialization has adopted an ambitious development strategy in all areas of work, whether at the technical and technological level or at the administrative and human level to achieve more progress and growth.

Valeo has succeeded in establishing itself as a leader in the Buy Now, Pay Later (BNPL) sector to improve the evolution of the way of life, by continuing this year to offer a variety of affordable financing solutions to its customers. The company’s success in signing this memorandum is a continuation of the achievements it has made in previous years, as the company has managed to achieve many achievements by expanding the range of services and products it provides and by signing numerous agreements with the most prominent partners in various sectors, including EgyptAir, Egypt Insurance and Majid Al Futtaim Group, OPPO, American University in Cairo, Saudi German Hospital in Cairo, SODIC’s Club S, Noon and Wafferha, among others.

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About Valeo

Launched in 2017, Value, the leading Buy Now, Pay Later (BNPL) platform to enhance the changing lifestyle using financial services technology, is a subsidiary of the non-banking financial division of EFG Hermes Holdings. The company has a direct presence as a payment service in over 5,000 outlets and over 330 websites. It offers easy installment plans and programs for up to 60 months for appliances, electronics, furniture, home finishing, solar energy solutions for residential units, travel, tourism, education and health services, among others. Value is unique in providing the fastest credit approvals in Egypt, connecting consumers to a broad base of retail stores, e-commerce sites, and an extensive network of different service providers.

For more information please contact:

Public Relations Department of EFG Hermes Holding | PublicRelations@EFG-HERMES.com

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Marketing and Communication Manager at EFG Hermes Holding

melgammal@efg-hermes.com

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group can be Financial Hermes Holdings has made reference in this statement to future matters, including, for example Example regarding expectations, strategy, objectives, growth opportunities and management indicators future activities. These statements about the future are not facts Real, but rather expresses the group’s vision for the future and many of these expectations in terms of Its nature is uncertain and beyond the control of the company, and this includes – for example and not Limitation – fluctuations in financial markets and behavior of current competitors Potential and general economic conditions and effects of local currency position Current and future legislation and various regulations. Accordingly, the reader should Be careful not to place undue reliance on forward-looking statements that are Correct as of publication date.

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