EFG Hermes’ mobile app valU has been recognized as the “Fintech Innovation of the Year” at Terrapin’s 2019 Seamless Awards, the company said in a press release (pdf). ValU, which offers payment-on-instalment services via a mobile app, launched about a year ago. “We are particularly proud that we were recognized as an innovative state-of-the-art solution that benefits users, retailers and industry partners,” said EFG Hermes Group Chief Executive Officer Karim Awad.