{"id":560935,"date":"2021-03-18T04:20:35","date_gmt":"2021-03-18T04:20:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/"},"modified":"2021-03-18T04:20:35","modified_gmt":"2021-03-18T04:20:35","slug":"efg-hermes-universal-group-to-launch-new-ecommerce-site","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/","title":{"rendered":"EFG Hermes, Universal Group to launch new ecommerce site"},"content":{"rendered":"

EFG Hermes and <\/strong>Universal Group<\/a><\/strong> are collaborating on a new ecommerce <\/strong>website <\/strong>that will allow the home appliance company to sell directly to its customers, the investment bank said in a statement (pdf)<\/a> yesterday after signing the agreement. EFG subsidiary PayTabs Egypt will handle payments on the platform while its consumer finance arm Valu<\/a> will offer payment plans. Business Boomers<\/a>, a fintech startup owned by EFG, will host Universal\u2019s online store on its platform. \u201cSigning this partnership today with Universal Group is a key milestone in our journey to develop a full-fledged non-bank financial services ecosystem that leverages the synergies inherent in our business model throughout the group,\u201d said Walid Hassouna, EFG Hermes Finance CEO and head of debt capital markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

EFG Hermes and Universal Group are collaborating on a new ecommerce website that will allow the home appliance company to sell directly to its customers, the investment bank said in a statement (pdf) yesterday after signing the agreement. EFG subsidiary PayTabs Egypt will handle payments on the platform while its consumer finance arm Valu will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9986],"tags":[514,199,3831,84,72,183,807,123,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560935","post","type-post","status-publish","format-standard","hentry","category-ecommerce","tag-consumer-finance","tag-e-commerce","tag-ecommerce","tag-efg-hermes","tag-enterpriseam","tag-fintech","tag-paytabs","tag-startups","tag-valu","wpautop","entry"],"acf":{"mongo_id":"30b4bd33-3f5f-4631-93b7-50360ba42ff1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560925],"teaser":"","voice_url":""},"yoast_head":"\nEFG Hermes, Universal Group to launch new ecommerce site - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes, Universal Group to launch new ecommerce site\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes and Universal Group are collaborating on a new ecommerce website that will allow the home appliance company to sell directly to its customers, the investment bank said in a statement (pdf) yesterday after signing the agreement. EFG subsidiary PayTabs Egypt will handle payments on the platform while its consumer finance arm Valu will […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-18T04:20:35+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes, Universal Group to launch new ecommerce site\",\"datePublished\":\"2021-03-18T04:20:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"consumer finance\",\"e-commerce\",\"ECOMMERCE\",\"EFG Hermes\",\"EnterpriseAM\",\"Fintech\",\"PayTabs\",\"startups\",\"ValU\"],\"articleSection\":[\"ECOMMERCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\",\"name\":\"EFG Hermes, Universal Group to launch new ecommerce site - 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