EFG Hermes, Paytabs partner for new electronic payments services in Egypt

Wednesday 15 April 2020 12:04 CET | News

Egypt-based bank EFG Hermes and online payment service Paytabs have signed a partnership to launch a new platform providing electronic and digital payment services.

EFG Hermes representatives have stated that this partnership will support the market with a service platform enabling its clients to safely and effectively conduct their financial transactions. It would also be a means of bridging the gap in payment services at a time when the countries of the world are confronting the repercussions of the coronavirus. He emphasised that the partnership aims to contribute effectively to preparing the Egyptian market for the adoption of non-cash payment systems. 

Paytabs, said that the two companies are also looking to enhance financial inclusion in Egypt, whilst providing employment for millions of consumers in the Egyptian market. Paytabs Egypt intends to provide services to companies and commercial entities by providing many advanced means to accept payments such as the QR Code and electronic payment channels.

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Keywords: EFG Hermes, Paytabs, Egypt, onlyne payments, digital payments, electronic payments, MENA, bank, payments service provider
Categories: Payments & Commerce
Countries: Egypt
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Payments & Commerce

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