valU to extend its services to more online shoppers in Egypt

EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers, EFG Finance CEO Walid Hassouna said, according to Al Mal. The company expects items purchased online to account for 10% of next year’s sales. He added that the company was planning to expand to three or four additional governorates other than Cairo, Alexandria, and Hurghada.