Inertia for Real Estate Development, Pay tabs Egypt, and ValU Consumer Finance have signed a strategic partnership to provide Inertia clients with electronic payment solutions by the Pay Tabs Egypt platform, Invest-Gate reports.

ValU will- under specific conditions- provide financing facilities for finishing residential units for Inertia clients, such as easy installment on a period of 12 to 48 months. Its value reaches EGP 2.4 mn for each client, according to a company press release on May 24.

“This agreement is the first of its kind in the Egyptian market. It aims to use digital solutions to provide the highest levels of comfort and facilitate the payment of costs to customers, strengthening the commitment to apply precautionary measures related to the (Covid-19) pandemic,” the statement reads.

On his part, Hany Soliman, general manager of Pay Tabs, praises providing new solutions in the real estate development sector in cooperation with Inertia as it is the first to provide customers with an easy payment experience.

“This partnership aims to expand the scope of the company’s services and products network, allowing Egyptian customers to make their payments safely and effortlessly through the use of a comprehensive package of electronic payment methods in cooperation with Covid-19,” Soliman adds.

“This agreement comes within the framework of the forward-looking strategy adopted by the company to establish smart cities to keep pace with the various changes in lifestyles. The real estate sector is currently witnessing unprecedented changes from digital transformation, which have become necessary in many sectors to face the challenges posed by the (Covid-19) epidemic,” Ahmed Al-Adawi, CEO of Inertia says.

Likewise, Mohamed El-Fiqi, CEO of ValU, elaborates that the strategic partnership with Inertia reflects Valio’s renewed commitment to providing a comprehensive platform for installment services and solutions in the Egyptian market.