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30-10-2014 22:52:00 | by: Administrator | hits: 11079355 | Tags:

[South Africa] Mastercard and Zapper unveil Masterpass digital payment
15-08-2018 | 07:36:00
South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones.
 [Africa Tech Week] African Startups shortlisted for major awards
09-08-2018 | 10:09:00
This has been perhaps one of the busiest weeks for African startups seeking funding to improve the operations or products.
[Cameroon] Bolloré Transport inks deal with Jumia to boost e-commerce
08-08-2018 | 08:58:34
Bolloré Transport & Logistics has signed an agreement with Jumia, a company specialising in e-commerce, and the Cameroon Customs to facilitate e-commerce in Cameroon and contribute to its development.
United Bank for Africa's Leo launched on WhatsApp
07-08-2018 | 15:34:00
Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory.
[Nigeria Business Week] Courting economic expansion one deal at a time
03-08-2018 | 21:15:00
International organisations have shown an increased interest in the Nigerian economy since the stablization of the dollar and the exit from the recent crisis that befell the country.
Wirecard launches fully digital payment product in South Africa
03-08-2018 | 09:21:00
Wirecard, the global innovation company in digital financial technology has launched secureEFT in South Africa.
Small merchants can drive financial inclusion in Africa, Mastercard
02-08-2018 | 10:47:10
Enabling higher levels of financial inclusion across Africa means banks and payments companies must drive solutions allowing small and informal merchants to accept digital payments at lower cost.
Kenya Pipeline Company migrates to new e-procurement platform
02-08-2018 | 06:43:00
The Kenya Pipeline Company (KPC) has completed the migration of its manual procurement to the new Supplier Relationship Management (SRM) platform.
[Tanzania] Puma Energy introduces Masterpass QR payment solution
24-07-2018 | 09:57:37
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time.
UAE Exchange rebrands its Uganda operations as Unimoni
20-07-2018 | 06:44:45
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Uganda operations as “Unimoni”.
Online financial transactions in Africa to grow to $3billion by 2020
19-07-2018 | 12:59:08
Close to $100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector.
Diamond Trust Bank Uganda launches Mastercard premium card solutions
18-07-2018 | 08:43:00
Diamond Trust Bank Uganda (DTB) has announced that it will be offering Mastercard’s premium card payment solutions in the country, which includes the Mastercard Gold Debit Card and Platinum Credit Card.
Afrimart, Pan African pioneer B2B e-commerce platform launched
17-07-2018 | 11:36:56
Pan-Africa’s pioneer Business to Business (B2B) e-commerce platform for made in Africa products, AFRIMART, has officially been launched.
DHL partners MallforAfrica for African-Made products marketplace site
16-07-2018 | 08:35:00
DHL, the world’s leading international express services provider, today announced its partnership with e-commerce giant, MallforAfrica’s new platform, Marketplace Africa, to help online retailers bring African-made products to the US and global market.
WatchBox enters South African market
12-07-2018 | 06:34:00
WatchBox, the global ecommerce platform for the buying, selling, and trading of pre-owned luxury timepieces has announced its expansion into South Africa through a strategic partnership with Topwatch.
GIMAC and TerraPay to grow remittances in Central African states
11-07-2018 | 10:59:00
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a partnership to strengthen the remittances ecosystem in CEMAC region.
[South Africa] Walletdoc launches secure virtual invoicing method
10-07-2018 | 10:12:00
walletdoc, a South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements.
Western Union opens office in Ivory Coast
09-07-2018 | 13:38:00
Western Union, a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast.
Mint enters Africa digital payment processing contract with Mastercard
06-07-2018 | 13:57:09
The Mint Corporation’s subsidiary, Mint Gateway for Electronic Payment Services LLC, has entered into a payment processing services agreement for the processing of Mastercard branded payroll cards in an African based payroll card program.
Mastercard and Selcom collaborate to turn Tanzanian economy cashless
26-06-2018 | 08:55:00
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy.
RS Components launches e-commerce platform for Sub-Saharan Africa
22-06-2018 | 11:07:00
RS Components has launched the Africa e commerce site to meet the requirements of a growing continent with demand from various industries.
Online platform launched to support Africa Free Trade Agreement
20-06-2018 | 10:34:00
The African Trade Policy Centre (ATPC) has launched its knowledge platform coming after the historic signing of the African Continental Free Trade Agreement (AfCFTA).
[Nigeria] Union Bank receives PCI DSS recertification
12-06-2018 | 10:02:24
Union Bank announces its attainment of the Payment Card Industry Data Security Standard version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
Salah Goss to lead Mastercard Labs for Financial Inclusion in Kenya
12-06-2018 | 06:18:00
Mastercard has announced that Salah Goss has been appointed as Head of the Mastercard Labs for Financial Inclusion, based in Nairobi, Kenya
Cameroon to boost e-commerce with new Commonwealth strategy
07-06-2018 | 12:00:00
Businesses in Cameroon are poised to take advantage of new proposals to boost their digital economy.
First Bank Nigeria, WorldRemit in digital money transfer partnership
06-06-2018 | 06:10:00
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (FirstBank) for instant money transfers to First Bank accounts in Nigeria.
Mastercard announces plans for contactless payments in Africa
04-06-2018 | 09:26:52
Mastercard has announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years.
[Cameroon] Ministry of Secondary Education adopts MTN Mobile Money
04-06-2018 | 09:17:00
MTN announces the signature of a Memorandum of Understanding with the Ministry of Secondary Education for the use of its Mobile Money solution for the payment of school fees and related charges in Cameroonian secondary schools.
OROBO allows cross border remittances in West and East Africa
01-06-2018 | 06:49:00
OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross- border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa.
[Tanzania] Tigo Pesa Masterpass QR payments solution goes live
31-05-2018 | 08:34:00
Mastercard and Tigo have announced that Tanzanian’s can now use their Tigo Pesa app to make quick, easy and secure payments with Masterpass QR.
[Column] Llewellyn le Hané: The speed of Technology- Bucks have become bits and bytes
30-05-2018 | 08:27:50
Technology is becoming increasingly safe, online shopping is not a rarity anymore, even here in Namibia.
Ecobank named Africa’s best and most innovative retail bank
29-05-2018 | 06:02:00
Ecobank has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea.
Clothing and electronics top products bought online in Africa, report
25-05-2018 | 09:41:38
The latest report Africa B2C E-Commerce Market 2018, cites sources indicating that online retail sales in the continent are prepared for rapid expansion in the next five years.
[South Africa] DSV ByBox relaunches as DSV Locker to sate growing demand for digitally supported parcel services
23-05-2018 | 08:33:00
The growth of e-commerce has fueled an increased demand for easy and safe parcel delivery in South Africa.
Mastercard, IFC partnership reaches 7.2 million new digital financial service users in Sub Saharan Africa
17-05-2018 | 15:13:05
IFC, a member of the World Bank Group, together with the Mastercard Foundation have released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
Mastercard, IFC partnership reaches 7.2 million new digital financial service users in Sub Saharan Africa
17-05-2018 | 09:04:00
IFC, a member of the World Bank Group, together with the Mastercard Foundation have released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
Mastercard survey reveals significant cost savings for African firms switching from daily cash allowance to corporate cards
15-05-2018 | 11:52:00
A recent survey by Mastercard, a leading technology company in the global payments industry, revealed that organizations that switch from Per Diems to corporate card programs benefit from more efficient operational procedures.
TPG Growth acquires stake at Cellulant for $47.5 million
15-05-2018 | 07:08:23
The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, has signed an agreement to acquire a stake in Cellulant, a digital payments provider that reaches 40 million people across 11 African countries.
[South Africa] Mastercard and Zapper partner to drive digital payments interoperability
14-05-2018 | 07:39:00
South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones.
Perpetual Communications and Annecto in new deal to expand telecom business in Nigeria
09-05-2018 | 06:56:33
Annecto Telecom and Perpetual Communications, a telecommunications company in Nigeria have announced that PCL has selected Annecto Telecom to provide voice, data, SMS and VAS aggregation services in Nigeria.
African Startups wanted for Tech Platform
08-05-2018 | 14:56:00
Africa Business Communities is lauching a Tech Platform and is looking for African Startups for both Interviews and Columnists
Kenya's mobile money payments hit Sh3.7trn in 12 months
07-05-2018 | 12:54:00
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
[Kenya] Mobile money payments hit Sh3.7trn in 12 months
03-05-2018 | 07:40:00
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
MTN and Ecobank form task teams for targeted African expansion
01-05-2018 | 06:35:00
MTN and Ecobank are to form task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.
Central Bank of Nigeria limits USSD transactions to N100,000 per day
30-04-2018 | 13:15:00
Effective June 2018, bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.
Lonestar Cell MTN and Youtap launch Momo Pay in Liberia
26-04-2018 | 06:41:00
Momo Pay enables Lonestar Cell MTN customers to 'tap and pay' for goods and services instantly and securely with their mobile phone at the point of sale.
Lonestar Cell MTN and Youtap launch Momo Pay in Liberia
26-04-2018 | 06:24:56
Mobile network operator Lonestar Cell MTN and Youtap have launched Momo Pay, a contactless mobile payment service for Lonestar Cell MTN Mobile Money users in Liberia.
[South Africa] HPS increases Africa presence with Johannesburg office
24-04-2018 | 06:45:10
HPS, a multinational company and provider of electronic payment solutions has increased its presence within Africa with a new office in Johannesburg, South Africa.
Sky.Garden partners with Interswitch to launch Instant mobile money seller payment options for its vendors
20-04-2018 | 11:11:22
eCommerce company Sky.Garden has made groundbreaking implementations to its payments module to ensure real-time payments to their sellers after signing a deal with digital payments firm Interswitch.
[Kenya] Mobile commerce deals pass $10b mark
17-04-2018 | 09:09:34
The value of mobile commerce transactions in Kenya has passed the Ksh1 trillion ($10 billion) mark for the first time.
[Nigeria] Konga and Yudala merge e-commerce operations
16-04-2018 | 09:50:00
Konga, Nigerian online mall and Yudala, African composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent.
Tigo Tanzania achieves global mobile money certification
16-04-2018 | 06:30:00
Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions.
Diamond Trust Bank partners with WorldRemit to launch instant money transfers to Kenya
13-04-2018 | 13:04:00
Global digital money transfer service WorldRemit has joined forces with Diamond Trust Bank Kenya Limited (DTB) to further expand money transfer in the region.
PayGate rebrands, extends reach into Africa
12-04-2018 | 06:43:12
In a further move to optimize its service offering, DPO Group, Direct Pay Online, will be rolling up its Southern African payment service providers (PSP’s) group into the consolidated brand of DPO PayGate.
WorldRemit partners with Lebara to connect new customers to its money transfer service to Africa
10-04-2018 | 10:24:00
Lebara and WorldRemit, two leading brands serving international residents, have entered into a strategic partnership making WorldRemit the exclusive global money transfer partner of Lebara.
$1 billion in transactions processed on Ecobank Mobile App in Africa in 18 months
10-04-2018 | 06:56:00
The Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago.
[Nigeria] Fintech startup Zoto grows transaction base by 56%
09-04-2018 | 11:21:00
Zoto, a product of Hedonmark Management Services Limited and Nigeria’s growing payment solution, today announces that its transacting user base and order volume grew by 56% and 200% respectively in the last financial year.
[Kenya] Safaricom partners with Paypal and Transferto to allow transfer of funds to and from MPESA
09-04-2018 | 09:20:00
Safaricom, PayPal and TransferTo have announced a collaboration on a new service that will allow movement of funds between M-PESA and PayPal accounts, a huge boost to international eCommerce.
South Africa, Kenya and Morocco drive Africa online retail sales, yStats.com report
06-04-2018 | 11:37:51
Online retail sales in Africa accounted for less than one per cent of the global total last year, even though some nations have already undergone a rapid growth period.
[Interview] Shane Leahy, CEO, Tola Mobile
05-04-2018 | 13:06:28
Tola Mobile has positioned itself as a one stop shop for merchants to connect with different types of mobile wallets, offering an easy process to take payments from across several markets and industries.
Mall for Africa launches affiliate program in Africa
05-04-2018 | 07:04:00
Mall for Africa, the e-commerce and m-commerce platform, announced today the launch of its affiliate program. Those who refer traffic to the Mall for Africa website will receive an affiliate fee every time one of their readers makes a purchase.
[Interview] Peter-John Woest, Sales Manager, CAD4Africa, South Africa
03-04-2018 | 12:56:00
Peter-John Woest is Sales Manager in the South African eCommerce site, CAD4Africa, a provider of design technology that is now expanding into Nigeria and Kenya.
[Column] Vahid Monadjem: Mobile money partnerships present an opportunity for banks in emerging markets
27-03-2018 | 08:31:00
Over the past decade, mobile money adoption has skyrocketed - a phenomenon that has primarily been driven by growth in sub-Saharan Africa.
SimbaPay partners with Interswitch to launch Pan-Africa remittances chatbot
26-03-2018 | 10:32:55
SimbaPay, a London based digital money transfer provider, has launched an Artificial Intelligence powered chatbot service which now makes International Money Transfer remittance possible with only an SMS.
CAD4Africa launches Nigeria and Kenya eCommerce sites
26-03-2018 | 07:00:00
CAD4Africa is South Africa's largest CAD (Computer Aided Design) software eCommerce site that is disrupting traditonal reseller model in CAD industry.
Bitpesa, the holy grail of Africa’s cryptocurrency
23-03-2018 | 09:45:00
BitPesa, a cryptocurrency based money transfer platform in Africa has redefined buying and selling of frontier currencies in the continent.
Ghanaian Government reschedules mobile money interoperability to May
22-03-2018 | 12:02:00
The Ghanaian Government has disclosed that it will roll out the mobile money interoperability system in May this year.
[Column] Jens Ischebeck: How East African students can pay for online courses
22-03-2018 | 09:25:00
With developing technology that has promoted reliable and stable internet connectivity among east African countries, students from the region can now take their courses in the comfort of their homes.
Amanbo bridges trade gap between Africa and China
20-03-2018 | 06:30:00
An e-commerce platform has been linking African manufacturers with Chinese customers, and vice versa, for the past few years.
[Nigeria] LoyalBonus launches loyalty reward to customers on each purchase
20-03-2018 | 05:43:00
Loyalbonus a leading e-commerce company in Nigeria, has launched a loyalty reward bonus to both new and existing customers of the company’s marketplace.
Nigerians prefer mobiles phones to computers in online shopping, Jumia report
16-03-2018 | 13:12:24
A recent report on the Nigerian Mobile Sector by Africa’s leading e-commerce company Jumia, has revealed an 11% increase in the number of Nigerians who visited the Jumia Website via their mobile phones, 79% in 2017 versus 71% in 2016.
Zensar and Microsoft extend digital, cloud and big data partnership in South Africa
16-03-2018 | 10:29:00
Zensar, a digital solutions and technology services company has announced an extension of its managed partner relationship with Microsoft in South Africa.
African businesses should embrace cross-border e-commerce, DHL report
16-03-2018 | 06:04:53
Cross border e-commerce continues to provide significant growth opportunities for retailers and manufacturers with an international online product offering.
Money transfer app guide for Africa and Middle East points users to convenience
09-03-2018 | 06:47:00
At last there is a specialist money transfer app guide specifically designed for Africa and the Middle East. The app guide has been created by German born Jens Ischebeck.
Mastercard acquires Oltio to accelerate digital payments adoption in Africa and Middle East
07-03-2018 | 06:04:00
Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group.
[Column] Gilbert Saggia: The future of postal services - digital transformation driving new business models
05-03-2018 | 20:39:12
From the time the first state-run courier was established by Roman Emperor Augustus in the first century AD, global postal services have slowly evolved: the first postage stamps, for example, were only issued in 1840.
Tigo Pesa to offer Masterpass QR in Tanzania
02-03-2018 | 13:04:00
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included.
[Column] Shane Leahy: How does a mobile wallet vary in Africa compared to other regions?
02-03-2018 | 06:06:00
Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally for all users.
[Startup Interview] Emmanuel Oshone, Co-Founder, Zoto, Nigeria
28-02-2018 | 12:21:00
Zoto, a Nigerian technology company has been leveraging Nigeria’s ICT boom to provide quick and seamless payment facility.
Mastercard and M KOPA unveil payment technology to extend pay-as-you-go solar program in Africa
27-02-2018 | 06:05:21
Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses.
Kenya's mSurvey to launch in Nigeria
26-02-2018 | 08:17:23
mSurvey, the mobile-first consumer experience platform, is expanding into Nigeria. The move comes as the Kenya-based company seeks to consolidate its position as Africa's leading technology-powered customer loyalty platform.
Standard Bank partners with UnionPay International to provide Africa with cashless access to China
22-02-2018 | 09:10:00
In a dual development set to transform Africa’s access to China as well as simplify the ability of Chinese to transact in Africa, Standard Bank has signed an agreement with UnionPay International to accept UnionPay cards in multiple African markets.
[Startup Interview] Emeka Akano, CEO, Jara Mobile Ltd, Nigeria
20-02-2018 | 13:26:00
Jara Mobile Limited, a Nigerian startup, runs an innovative bills payment platform that integrates various retailers into one loyalty programme, giving customers the leeway of doing more with less money.
FarEye targets 175 million online shoppers of Africa with its parcel shop technology, 'Drop&Pick'
20-02-2018 | 07:27:45
FarEye, a digital logistics platform has unveiled a new parcel shop technology dubbed 'Drop&Pick'.
Fintech bolsters financial inclusion in Africa, Ecobank
15-02-2018 | 08:32:51
Fintech is boosting financial inclusion across Africa, according to Ecobank, independent pan-African banking group, a pioneer in Africa’s digital transformation.
[Kenya] Online consumer trends offer new revenue streams for businesses, Mastercard Love Index
14-02-2018 | 08:47:00
The annual Mastercard Love Index indicates that Kenyans are turning to online retail outlets to purchase their Valentines gifts, with a 183 percent increase in the number of e-commerce transactions taking place from 2015 to 2017.
BitPesa acquires TransferZero, European online money transfer service
09-02-2018 | 13:56:45
BitPesa, the first and largest blockchain payments platform for Africa and Europe has acquired TransferZero, an international, online money transfer platform.
[Interview] Jens Ischebeck, Founder of Apps-for-money-transfer Guide, Africa & Middle East
08-02-2018 | 12:20:00
Jens Ischebeck is an expert in fintech service providers in Africa, both global and regional. His website, www.apps-for-money-transfer.com, is designed to assist anyone living or operating in the African and Middle Eastern regions to send and receive money in the most quick, efficient, and cost-efficient manner possible.
Money transfer app guide launched for Africa and the Middle East
08-02-2018 | 10:06:10
A specialist money transfer app guide has been launched that is specifically designed for Africa and the Middle East.
[Column] Jens Ischebeck: How to save money with remittances to Africa
05-02-2018 | 09:41:00
International money transfers to Africa are rising. There are good reasons for that. With the choice of the right online money transfer provider you can save yourself a high amount of remittance fees.
Mall for Africa expands into 11 new African countries
01-02-2018 | 06:33:00
Global e-commerce and m-commerce giant, Mall for the Africa, has announced its expansion into 11 new countries in Africa.
[Ghana] Mobile money deposits hit GHC2.3b in 2017
30-01-2018 | 07:19:00
The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana.
[Column] Pierre Aurel: Gig Economy disrupts status quo, presenting an opportunity for Africa
29-01-2018 | 10:14:00
Freelancing has found a new name in the digital era. A ‘Gig’ is simply a task performed as a once-off freelancing job, but because the trend towards freelancing has grown so significantly, a new economy has been born: the ‘Gig Economy’.
[Interview] Jorij Abraham, Managing Director, Ecommerce Foundation, The Netherlands
29-01-2018 | 09:31:00
Jorij Abraham is an eCommerce generalist with more than 15 years experience in integrating marketing, business processes and information technology to build online turnover. He is currently the Managing Director of Ecommerce Foundation, a global digital trading entity that is now welcoming partnerships in Africa.
Sky and Space signs $30 million contract with BeepTool to avail affordable mobile payment services to key African markets
18-01-2018 | 06:41:00
Satellite company Sky and Space Global Ltd has signed a 5-year binding agreement with Nigerian mobile payments start-up BeepTool Communications & Integrated Services Ltd.
Cote d’Ivoire unveils mobile money tax
16-01-2018 | 10:35:00
A new tax of 0.5 percent has been introduced on money transfers made through telephone companies in Cote d’Ivoire or their intermediaries, and relates particularly to remittances, according to the 2018 Tax Schedule.
[Column] Dominique Collett: South African fintech in 2018 – what can we expect?
16-01-2018 | 10:17:00
Fintech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode.
[Nigeria] PoS transactions hit N1.4tn in 2017
16-01-2018 | 09:36:00
Nigerians carried out N1.41tn worth of transactions on the Point of Sales terminals across the country in 2017.
MarketBook expands in South Africa with new office in Johannesburg
12-01-2018 | 06:50:00
Sandhills South Africa is set to open an office location in Johannesburg. The company distributes MarketBook South Africa—a print publication and online marketplace.
EFG Hermes launches valU for Instalment sale services in the Egyptian market
19-12-2017 | 05:50:00
EFG Hermes, the financial services corporation in the Middle East and North Africa, has announced the launch of its state-of-the-art Fintech solution under the brand name ‘valU’, offering Egyptian consumers payment-on-installment programs.