Cairo – Mubasher: EFG Hermes ONE, the online trading platform of EFG Hermes, has entered into a partnership with Banque Misr and PayTabs Egypt.
The partnership allows the introduction of a new debit card top-up feature on the EFG Hermes ONE online trading platform, according to a press release.
The new debit card top-up feature on EFG Hermes ONE will make it easier for customers to use their debit cards for trading securities, creating a more accessible and efficient trading experience.
Ihab Dorra, Chief Consumer Banking and Payment Officer at Banque Misr, stressed the bank's dedication to financial inclusion and innovative solutions.
He praised the successful collaboration with EFG Hermes ONE and PayTabs Egypt, aligning with Banque Misr's mission and Egypt's Vision 2030.
Ahmed Waly, Global Head of Brokerage at EFG Hermes, stated: “By integrating a convenient debit card top-up feature within EFG Hermes ONE for the first time in Egypt, we're breaking down barriers and simplifying the investment process for aspiring traders across Egypt.”
Karim Eyada, General Manager at PayTabs Egypt, said: “With introducing the debit card top-up feature, customers gain unprecedented flexibility in funding their EFG Hermes ONE accounts, thereby streamlining the securities trading process.”
Mina William, Country Business Development Manager at PayTabs Egypt, added: “This partnership simplifies the stock trading experience and facilitates access to financial markets, making it more inclusive for a broader spectrum of investors.”
It is worth noting that EFG Hermes is a subsidiary of EFG Holding.
The consolidated net profits of EFG Holding leapt to EGP 2.11 billion in the first quarter (Q1) of 2024 from EGP 920.12 million a year earlier.
