Business Hub _ Cairo
Today, Valeo Corporation announced: The leading Buy Now Pay Later (BNPL) platform to enhance the evolving lifestyle in the Middle East and North Africa, On signing a protocol with the Arab Organization for Industrialization, It is one of the largest companies specialized in the manufacture of electronic products and devices in Egypt, And Zero Tech, which specializes in high-quality security and safety systems technology. Under this protocol, customers will be able to benefit from the financing solutions offered by “Value” when purchasing any consumer product, whether from the Arab Organization for Industrialization or from Zero Tech.
The agreement was signed by Walid Hassouna, Chief Executive Officer of Non-Banking Finance at EFG Hermes Holding and CEO of Valeo, And Eng. Ahmed Mohamed Abdel Aziz, Chairman of the Board of Directors of the Electronics Factory – Arab Organization for Industrialization, This was during a press conference held at the authority’s factory to announce the agreement.
This agreement allows customers to obtain their needs of household appliances and electronics, and others through the concessional financing plans offered by the company, This will allow the Authority and Zero Tech to reach a larger segment of customers.
This agreement will provide customers of the Arab Organization for Industrialization to benefit from the concessional financing plans offered by the Valeo Company. This will enable them to purchase a wide range of consumer products, Including phones, televisions, home appliances, like the microwave, In addition to fans, vacuum cleaners, etc. in addition to, This protocol will allow Zero Tech customers to obtain a variety of the company’s products at reasonable prices with payment plans of up to 60 months. Including electronic monitoring systems, Which includes surveillance cameras, fingerprint time attendance devices, electronic entry and exit systems, video communication systems, as well as monitoring systems. In addition to home electronic control systems and fire alarms.
Commenting on this Agreement, Walid Hassouna confirmed, That cooperation with two of the largest national industrial companies in the Egyptian market is a source of pride for the company, Pointing out that this protocol will allow Valeo to cooperate with the two companies in serving the Egyptians in light of the difficult economic conditions against the background of high inflation rates, As well as enhancing opportunities to increase local production rates. He added that this protocol, Which is a milestone in the company’s journey, It comes within the framework of “Value” plans that aim to maximize value for customers and facilitate their access to the latest technology solutions and daily household needs. Hassouna affirmed Valeo’s leading position as the leading Buy Now and Pay Later (BNPL) platform to enhance the evolving lifestyle in the Middle East and North Africa region by enhancing the long-term lifestyle of Egyptians. in addition to, Hassouna stressed that the company plays a pivotal role in strengthening the Egyptian economy. It also looks forward to maximizing the benefit of this protocol and expanding its customer base in the Egyptian market.
The Arab Organization for Industrialization is committed to developing, developing, testing and acquiring the latest technologies and techniques to confirm its competitive leadership and ability to access markets and harness its innovative capabilities to supply diversified factories and integrated industrial services. Its expertise and investments are consistent with modern and diverse customer policies, programmes, projects and requirements. Its activities of strategic partnerships, entrepreneurship, business and products are relevant to the needs of society as they are high quality and environmentally friendly. The Arab Organization for Industrialization also maintains its position as the backbone of industrialization and a center of excellence for advanced sciences in parallel. Thus it is an organization that is open to creating business solutions, learning, research and development and following industry excellence practices.
For his part, Engineer Ahmed Abdel Aziz, Chairman of the Board of Directors of the Electronics Factory, the Arab Organization for Industrialization, expressed his happiness with this cooperation, through which the Arab Organization for Industrialization seeks to provide the best electronic products to customers easily. He stressed that the cooperation with Valeo aims to extend installment services that allow customers to pay in installments from 6 months to 60 months. This will facilitate the purchase of electronic products, which contributes to increasing the number of customers and helps us reach larger segments. He emphasized that the Arab Organization for Industrialization had adopted an ambitious strategy towards development in all fields of work, whether at the technical or technological level, or at the administrative and human levels, to achieve further progress and growth.
VALEO has established itself as a leader in the Buy Now, Pay Later (BNPL) segment to enhance the evolving lifestyle. And that is by continuing to provide a variety of easy financing solutions to its customers during the current year. The company’s success in signing this protocol is an extension of the achievements it has made over the past years. The company has succeeded in achieving many achievements by expanding the range of services and products it provides and signing many agreements with the most prominent partners in various sectors. Among them are EgyptAir, Misr Insurance, Majid Al Futtaim Group, and OPPO. The American University in Cairo, the Saudi German Hospital in Cairo, Club S of SODIC and Noon and its suppliers, and others.
