EFG Hermes, Paytabs partner for new electronic payments services

April 19, 2020

Image used for illustrative purpose. Shopping online with smartphone and credit card on hand.

EFG Hermes and online payment service, Paytabs, have signed a strategic partnership to launch a new platform providing electronic and digital payment services. The new company, Paytabs Egypt, will meet the needs of multiple segments of customers with high and medium incomes.

In a statement, Hermes said that financial expert, Hany Soleiman, will be Paytabs Egypt’s General Manager. Coming with 17 years experience in financial technology, business development, and strategic management, Soleiman also brings with him extensive experience in digital innovation and strategic alliances.

Walid Hassouna, CEO of EFG Hermes, said this partnership will support the market with a service platform enabling its clients to safely and effectively conduct their financial transactions. This is particularly important at a time when daily transactions have been severely disturbed by the ongoing pandemic. It would also be a means of bridging the gap in payment services at a time when the countries of the world are confronting the repercussions of the coronavirus.

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