{"id":189873,"date":"2022-04-06T15:00:43","date_gmt":"2022-04-06T13:00:43","guid":{"rendered":"https:\/\/www.arabtelegraph.com\/?p=189873"},"modified":"2024-11-28T23:15:50","modified_gmt":"2024-11-28T21:15:50","slug":"valu-menas-leading-buy-now-pay-later-bnpl-lifestyle-enabling-fintech-platform-partners-with-electronics-player-oppo-to-provide-installment-services-to-customers","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=189873","title":{"rendered":"valU, MENA\u2019s Leading Buy-Now, Pay-Later (BNPL) Lifestyle-Enabling Fintech Platform, Partners with Electronics Player OPPO to Provide Installment Services to Customers"},"content":{"rendered":"\n

This agreement will enable OPPO\u2019s customers to utilize valU\u2019s financing solutions when purchasing products across OPPO\u2019s retail network<\/strong><\/h3>\n\n\n\n


valU, MENA\u2019s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and OPPO, the world’s\u00a0leading\u00a0smart device manufacturers and innovators, announced today a collaboration that will allow OPPO\u2019s customers to utilize valU\u2019s financing solutions when purchasing products across OPPO\u2019s retail network.
The partnership will allow OPPO\u2019s customers to benefit from valU\u2019s convenient and affordable financing plans to pay for the entire range of products offered by OPPO, including phones, tablets, earphones and accessories and pay them through valU\u2019s convenient tenures from 6 to 60 months throughout the company\u2019s local retail network of 12 OPPO Experience stores. This partnership is at the core of valU\u2019s purpose to be an impactful lifestyle-enabling solution, allowing consumers to acquire their desired products conveniently.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n


\u201cPartnering with OPPO is a significant milestone for us and is in line with our plan to continue to add value to our customers and empower them to own and access world-class technology, consistent with today\u2019s modern lifestyle. Entering into new partnerships with electronics providers such as OPPO is an important objective of ours, which fuels our strategy to expand our merchant network across numerous sectors. valU will provide OPPO\u2019s consumers with swift and seamless payment solutions that will make products more accessible, as well as help OPPO broaden and diversify their customer base,\u201d said Ahmed Hashem, Chief Commercial Officer (CCO) of valU.
OPPO is the world\u2019s leading smart device brand with major product lines including smartphones, wearables and audio devices. OPPO smartphones are aimed at all budget types and suitable for different tastes and needs. In 2021, OPPO ranked fourth best-selling smartphone company globally, leveraging a growing momentum in European and emerging markets, while in Egypt the company ranked first in smart phone sales, with affordable price ranges between EGP 5000 to EGP 7000, according to GFK, \u00a0a German-based data and analytics provider to the consumer goods industry.
Considered a photography expert, OPPO offers smart devices that carry the latest camera technology, in addition to featuring large displays for consuming multimedia content, fast-charging capabilities and bigger batteries when compared to competing brands, without compromising on performance or design that is both relevant and trendy.
\u201cWe are thrilled to be signing this partnership with valU today as we work to enhance the customer experience and provide alternative financing at a time when cost pressures are on the rise. With around 12 OPPO Experience Stores throughout Egypt and 500 million consumers buying our products every year worldwide, we see clearly that demand for our products continues to grow. We expect this will allow us to not only expand our client base but enhance their access to our products throughout the country,\u201d commented Owen, Retail Manager at OPPO Egypt.
valU has solidified its important role as the market leader in BNPL lifestyle enabling fintech solutions, serving as a gateway through which consumers can access seamless financing solutions. The success builds on the foundations laid in 2021 by the BNPL player, having made great strides to expand its service offering and sign several key partnerships in various industries with players such as the American University in Cairo, Saudi German Hospital in Egypt, and SODIC\u2019s Club S, Noon and Waffarha among others.
\u2014Ends\u2014
About valU
<\/strong>A subsidiary of EFG Hermes Holding established in 2017, valU is the leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform offering convenient and customizable financing plans up to 60 months. With more than 5,000 points of sale and over 300 websites, valU offers access to a wide network of retail and e-commerce providers across a diverse array of categories including home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel, and fashion, among others. As the first platform of its kind in the MENA region, valU customers can receive instant credit decisions through their devices and gain access to the ever-growing platform\u2019s partners.
For further information, please contact:
The EFG Hermes Holding Public Relations Team
PublicRelations@EFG-HERMES.com
May El Gammal
Group Head of Marketing & Communications at EFG Hermes Holding
melgammal@efg-hermes.com
Note on Forward-Looking Statements
In this press release, EFG Hermes Holding may make forward looking statements, including, for example, statements about management\u2019s expectations, strategic objectives, growth opportunities and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Hermes Holding\u2019s belief regarding future events, many of which, by their nature are inherently uncertain and are beyond management\u2019s control and include among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations, and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

This agreement will enable OPPO\u2019s customers to utilize valU\u2019s financing solutions when purchasing products across OPPO\u2019s retail network valU, MENA\u2019s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and OPPO, the world’s\u00a0leading\u00a0smart device manufacturers and innovators, announced today a collaboration that will allow OPPO\u2019s customers to utilize valU\u2019s financing solutions when purchasing products across OPPO\u2019s …<\/p>\n","protected":false},"author":3,"featured_media":189871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[266],"tags":[],"class_list":["post-189873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nvalU, MENA\u2019s Leading Buy-Now, Pay-Later (BNPL) Lifestyle-Enabling Fintech Platform, Partners with Electronics Player OPPO to Provide Installment Services to Customers - Arab Telegraph<\/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:\/\/www.arabtelegraph.com\/?p=189873\" \/>\n<meta property=\"og:locale\" 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