EFG’s valU, Al Futtaim to provide no-interest payments to Egypt’s shoppers

EFG Hermes’ fintech arm valU has signed an agreement with Al Futtaim Group to offer six-month no-interest installment plans to shoppers, reports Zawya. Al Futtaim (not to be confused with Majid Al Futtaim) owns the Cairo Festival City Mall and holds the regional franchise for global retail outlets including Ted Baker, Marks & Spencer, Toys R Us, and Guess.