Majid Al Futtaim Malls in Egypt and valU celebrate crossing EGP 1bln in sales

Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, and valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that they had surpassed a total of EGP 1 billion in buy-now, pay-later (BNPL) sales across Majid Al Futtaim’s shopping malls in Egypt since the start of their partnership, namely at Mall of Egypt, City Centre Almaza, City Centre Alexandria and City Centre Maadi. To celebrate this milestone and long-term partnership, valU will launch an exclusive one-day 0-0-0-6 offer (zero purchase fees, zero down payment and zero interest over six months) on February 13. Both companies strive to continually deliver customer-centric initiatives that are value accretive and have worked together closely for years to bring a revolutionised shopping experience to the Egyptian market.  

Majid Al Futtaim’s shopping malls have achieved this substantial sales record with valU’s products and special promotions — including ‘Sha2labaz’, which helps customers redeem their transaction value in cash and pay it back through instalments over the preferred tenure plan. As both firms seek to reinforce their long-term strategic partnership, they have availed ‘Sha2labaz’ at Mall of Egypt and City Centre Almaza in March 2022, allowing customers to receive cash reimbursements for their purchases at Majid Al Futtaim’s retail outlets beyond valU’s merchant network.