valU collaborates with Telda to provide instant cash redemption, installment solutions
Updated 5/29/2023 3:24:00 PM
Arab Finance: valU, the consumer financing solutions arm of EFG Holding, has teamed up with the e-payment firm Telda to enable users of valU's instant cash redemption product, Sha2labaz, to disburse money on Telda, according to an emailed press release on May 29th.
This partnership is the first of its kind in Egypt.
Launched in November 2021, Sha2labaz is an instant cash program that enables consumers to get cash refunds up to their valU limit that are equal to or greater than the entire worth of previously made purchases.
Through the quick and easy process of scanning their receipts, linking their Telda accounts, and instantly redeeming their cash, Sha2labaz customers will be able to receive instant cash on their Telda accounts.
This cash can be used for online payments, payments at physical stores, and ATM cash withdrawals, anywhere in the world.
“As promoting digital transformation becomes a shared goal across the world, it is important now more than ever to boost Egypt’s fintech ecosystem through digital financial solutions that ensure speed, convenience, and accessibility for the public,” Group Head of Product Development at valU Ahmed Seoudy stated.
Related News
