EFG Hermes’ ValU partners with PayFort to offer installment option for e-commerce

EFG Hermes’ installment payment solutions app ValU has partnered with Amazon’s PayFort to offer payment plans to e-commerce stores and Egyptian online shoppers, according to Startup Magazine. The new service provides valU customers with installment options of up to 60 months for their online purchases. The service will be rolled out for existing valU customers in the first phase, with these customers set to receive instant credit decisions once they deliver the required documents to valU. Unbanked customers will receive feedback within two days. The service will expand to cover non-valU customers in a later phase.