Latest news with #Geidea
bnok24
08-05-2025
- Business
- bnok24
Valu Announces Partnership with Vezeeta and Geidea to Offer Affordable Payment
Valu, MENA's leading universal financial technology powerhouse, announced today a collaboration with Vezeeta Lab, the Innovation Hub of MENA's leading health-tech platform Vezeeta, and Geidea, a renowned payment solutions provider. This partnership will help make healthcare services in Egypt more accessible, affordable, and seamless for millions of patients Valu continues strengthening its presence in the healthcare sector by partnering with Vezeeta, building on previous milestones to integrate fintech solutions into health-tech. This collaboration provides flexible payment plans through Geidea's cashless payment options to ease financial barriers to essential care. Central to this effort is Vezeeta's flagship program, Shamel, a subscription-based program offering high-quality healthcare services at significantly reduced prices. Valu will offer flexible payment plans for Shamel, different medical services, and pharmaceutical products, ensuring broader access to affordable healthcare Shamel provides discounts of up to 80% on a wide range of healthcare services. These include surgeries, laboratory tests and scans, doctor consultations, dentistry, and in-clinic services through a network of over 8,000 healthcare providers across Egypt. As Vezeeta rolls out online payment options across its network, Valu's flexible payment plans will also become available for various services, including doctor consultations, lab tests and scans, surgeries, and elective care Motaz Lotfy, Senior Director of Business Development and Partnerships at Valu, commented on the partnership, 'With 90% of Egypt's population lacking private health insurance coverage and incurring out-of-pocket healthcare expenses reaching USD 180 million annually, there is an urgent need for access to affordable healthcare solutions in the community. We are excited to leverage our fintech expertise alongside Vezeeta and Geidea to address this area. Together, we are creating new opportunities for Egyptians, enabling them to prioritize their health without facing financial strain. By integrating Valu's innovative solutions into the health-tech sector, we provide effective payment solutions and empower lives through a meaningful impact Ola Aly Eldin, Chief Operating Officer at Vezeeta, added, 'At Vezeeta, we believe that no one should have to choose between their health and financial burdens. The launch of Shamel and our collaboration with Valu and Geidea demonstrates our strong commitment to providing high-quality healthcare that is accessible and affordable. With the rising costs of healthcare services, many people face limited options for getting the care they need, Shamel steps in to drive affordability and make quality healthcare within reach for all segments of the Egyptian society in a full digital experience through Vezeeta App Choucri Asmar, Chief Corporate Development Officer at Vezeeta & Head of Vezeeta Lab, said, 'At Vezeeta Lab, we focus on partnerships and M&As that bring innovation supporting Vezeeta customers. In our commitment to merge fintech solutions with healthtech, this tripartite partnership between ValU, Geidea, and Vezeeta Lab will offer payment plans and cashless payment options with flexible financing, empowering millions of Egyptians to access the best healthcare without the financial burden Ahmed Nader, CEO of Geidea Egypt, commented, 'At Geidea Egypt, we provide innovative digital payment solutions that meet the evolving needs of the Egyptian market and promote financial inclusion. Our partnership with Valu and Vezeeta represents a significant step toward improving the digital payment experience, especially in the healthcare sector, by offering users seamless and secure payment options. This collaboration highlights our commitment to delivering advanced technological solutions that facilitate business growth and simplify financial transactions for businesses and consumers Google News تابعونا على تابعونا على تطبيق نبض
El Fagr
07-05-2025
- Business
- El Fagr
Valu Announces Partnership with Vezeeta and Geidea to Offer Affordable Payment Solutions for Vezeeta's Shamel Subscription and Soon Other Healthcare Services via Geidea's
Valu Announces Partnership with Vezeeta and Geidea to Offer Affordable Payment Solutions for Vezeeta's Shamel Subscription and Soon Other Healthcare Services via Geidea's Payment Gateway Cairo، May 7، 2025 Valu، MENA's leading universal financial technology powerhouse، announced today a collaboration with Vezeeta Lab، the Innovation Hub of MENA's leading health-tech platform Vezeeta، and Geidea، a renowned payment solutions provider. This partnership will help make healthcare services in Egypt more accessible، affordable، and seamless for millions of patients. Valu continues strengthening its presence in the healthcare sector by partnering with Vezeeta، building on previous milestones to integrate fintech solutions into health-tech. This collaboration provides flexible payment plans through Geidea's cashless payment options to ease financial barriers to essential care. Central to this effort is Vezeeta's flagship program، Shamel، a subscription-based program offering high-quality healthcare services at significantly reduced prices. Valu will offer flexible payment plans for Shamel، different medical services، and pharmaceutical products، ensuring broader access to affordable healthcare. Shamel provides discounts of up to 80% on a wide range of healthcare services. These include surgeries، laboratory tests and scans، doctor consultations، dentistry، and in-clinic services through a network of over 8،000 healthcare providers across Egypt. As Vezeeta rolls out online payment options across its network، Valu's flexible payment plans will also become available for various services، including doctor consultations، lab tests and scans، surgeries، and elective care. Motaz Lotfy، Senior Director of Business Development and Partnerships at Valu، commented on the partnership، 'With 90% of Egypt's population lacking private health insurance coverage and incurring out-of-pocket healthcare expenses reaching USD 180 million annually، there is an urgent need for access to affordable healthcare solutions in the community. We are excited to leverage our fintech expertise alongside Vezeeta and Geidea to address this area. Together، we are creating new opportunities for Egyptians، enabling them to prioritize their health without facing financial strain. By integrating Valu's innovative solutions into the health-tech sector، we provide effective payment solutions and empower lives through a meaningful impact.' Ola Aly Eldin، Chief Operating Officer at Vezeeta، added، 'At Vezeeta، we believe that no one should have to choose between their health and financial burdens. The launch of Shamel and our collaboration with Valu and Geidea demonstrates our strong commitment to providing high-quality healthcare that is accessible and affordable. With the rising costs of healthcare services، many people face limited options for getting the care they need، Shamel steps in to drive affordability and make quality healthcare within reach for all segments of the Egyptian society in a full digital experience through Vezeeta App. Choucri Asmar، Chief Corporate Development Officer at Vezeeta & Head of Vezeeta Lab، said، 'At Vezeeta Lab، we focus on partnerships and M&As that bring innovation supporting Vezeeta customers. In our commitment to merge fintech solutions with healthtech، this tripartite partnership between ValU، Geidea، and Vezeeta Lab will offer payment plans and cashless payment options with flexible financing، empowering millions of Egyptians to access the best healthcare without the financial burden.' Ahmed Nader، CEO of Geidea Egypt، commented، 'At Geidea Egypt، we provide innovative digital payment solutions that meet the evolving needs of the Egyptian market and promote financial inclusion. Our partnership with Valu and Vezeeta represents a significant step toward improving the digital payment experience، especially in the healthcare sector، by offering users seamless and secure payment options. This collaboration highlights our commitment to delivering advanced technological solutions that facilitate business growth and simplify financial transactions for businesses and consumers.'
Khaleej Times
27-02-2025
- Business
- Khaleej Times
Mastercard SME Confidence Index: Optimism at a high as businesses in the UAE embrace digital growth and expansion
Small and medium enterprises (SMEs) in the UAE are entering 2025 with strong optimism, fueled by a thriving digital economy, strong government support, and increasing access to financial solutions, according to the third edition of the Mastercard SME Confidence Index. The findings show that 91 per cent of SMEs in the UAE are optimistic about their business outlook, reflecting the nation's commitment to fostering an enabling environment for entrepreneurs and small businesses to scale and succeed. Additionally, 90 per cent expect to earn similar or more revenue this year compared to last year, an increase from the last survey. This confidence is driving expansion plans, with seven in ten SMEs seeking credit in 2025, primarily to scale their businesses rather than sustain operations. The study also highlights that digital transformation remains a key priority, with the vast majority of SMEs (83 per cent) focusing on enhancing digital payments, while others are prioritising financial inclusion and sustainability initiatives. "Small and medium enterprises are the backbone of economies, driving innovation, employment, and resilience. As digital transformation accelerates, SMEs are unlocking new opportunities through digital payments and financial inclusion. Their ability to adapt and grow in a rapidly evolving business landscape reflects the strength of an ecosystem that prioritizes access to finance, digital enablement, and sustainable growth," said Dimitrios Dosis, president — Eastern Europe, Middle East and Africa, Mastercard. "As the UAE advances its vision for a thriving digital economy, SMEs play a crucial role in driving innovation and growth. Their confidence in the future reflects not only their resilience but also the impact of an ecosystem designed to support their success. At Mastercard, we are committed to empowering SMEs with cutting-edge payment solutions, real-time insights, and strategic partnerships that help them scale sustainably and securely,' said J.K. Khalil, division president, East Arabia, Mastercard. Digital payments and data insights drive SME growth The study highlights the pivotal role of digital payments and data-driven decision-making in SME success. In the UAE, 92 per cent of SMEs now accept digital payments, up significantly from previous years. Meanwhile, nearly all SMEs (97 per cent) recognise the importance of better data, analytics, and insights in strengthening their businesses, signaling a shift toward smarter, tech-enabled operations. Access to credit as a growth catalyst With growth at the forefront of SME ambitions, 70 per cent of small businesses in the UAE are actively seeking credit, reflecting their appetite for investment and expansion. Mastercard's collaboration with financial institutions and fintech partners, such as Geidea, is expanding access to innovative credit solutions. By leveraging digital payment data and insights, SMEs can build stronger financial profiles, improving their ability to secure financing and manage cash flow effectively. Public and private sector collaboration to accelerate SME success The study reveals that over 80 per cent of SMEs in the UAE believe that private sector initiatives or partnerships have the greatest potential to positively impact their business. Mastercard continues to work closely with government and private sector partners to provide SMEs with the tools, training, and financial solutions they need to succeed. In 2024, the company partnered with Abu Dhabi Global Market (ADGM) to offer an SME-focused business education program, equipping entrepreneurs with knowledge on digital payments and financial management. As SMEs across the UAE embrace 2025 with confidence, the Mastercard SME Confidence Index serves as a critical barometer of their evolving needs, challenges, and aspirations. The company remains committed to translating this optimism into tangible progress by equipping SMEs with the tools, insights, and partnerships needed to scale sustainably. From enabling seamless digital payments and expanding access to credit, to fostering financial inclusion and upskilling entrepreneurs through strategic collaborations, Mastercard continues to play a pivotal role in shaping a thriving SME ecosystem in an increasingly digital and interconnected economy.
Al Bawaba
23-02-2025
- Business
- Al Bawaba
Mastercard SME Confidence Index: Optimism at a high as businesses in the UAE embrace digital growth and expansion
Small and medium enterprises (SMEs) in the UAE are entering 2025 with strong optimism, fueled by a thriving digital economy, strong government support, and increasing access to financial solutions, according to the third edition of the Mastercard SME Confidence Index. The findings show that 91% of SMEs in the UAE are optimistic about their business outlook, reflecting the nation's commitment to fostering an enabling environment for entrepreneurs and small businesses to scale and succeed. Additionally, 90% expect to earn similar or more revenue this year compared to last year, an increase from the last survey. This confidence is driving expansion plans, with seven in ten SMEs seeking credit in 2025, primarily to scale their businesses rather than sustain operations. The study also highlights that digital transformation remains a key priority, with the vast majority of SMEs (83%) focusing on enhancing digital payments, while others are prioritizing financial inclusion and sustainability initiatives. 'Small and medium enterprises are the backbone of economies, driving innovation, employment, and resilience. As digital transformation accelerates, SMEs are unlocking new opportunities through digital payments and financial inclusion. Their ability to adapt and grow in a rapidly evolving business landscape reflects the strength of an ecosystem that prioritizes access to finance, digital enablement, and sustainable growth,' said Dimitrios Dosis, president Eastern Europe, Middle East and Africa, Mastercard. 'As the UAE advances its vision for a thriving digital economy, SMEs play a crucial role in driving innovation and growth. Their confidence in the future reflects not only their resilience but also the impact of an ecosystem designed to support their success. At Mastercard, we are committed to empowering SMEs with cutting-edge payment solutions, real-time insights, and strategic partnerships that help them scale sustainably and securely,' said J.K. Khalil, division president, East Arabia, Mastercard. Digital payments and data insights drive SME growth The study highlights the pivotal role of digital payments and data-driven decision-making in SME success. In the UAE, 92% of SMEs now accept digital payments, up significantly from previous years. Meanwhile, nearly all SMEs (97%) recognize the importance of better data, analytics, and insights in strengthening their businesses, signaling a shift toward smarter, tech-enabled operations. Access to credit as a growth catalyst With growth at the forefront of SME ambitions, 70% of small businesses in the UAE are actively seeking credit, reflecting their appetite for investment and expansion. Mastercard's collaboration with financial institutions and fintech partners, such as Geidea, is expanding access to innovative credit solutions. By leveraging digital payment data and insights, SMEs can build stronger financial profiles, improving their ability to secure financing and manage cash flow effectively. Public and private sector collaboration to accelerate SME success The study reveals that over 80% of SMEs in the UAE believe that private sector initiatives or partnerships have the greatest potential to positively impact their business. Mastercard continues to work closely with government and private sector partners to provide SMEs with the tools, training, and financial solutions they need to succeed. In 2024, the company partnered with Abu Dhabi Global Market (ADGM) to offer an SME-focused business education program, equipping entrepreneurs with knowledge on digital payments and financial management. As SMEs across the UAE embrace 2025 with confidence, the Mastercard SME Confidence Index serves as a critical barometer of their evolving needs, challenges, and aspirations. The company remains committed to translating this optimism into tangible progress by equipping SMEs with the tools, insights, and partnerships needed to scale sustainably. From enabling seamless digital payments and expanding access to credit, to fostering financial inclusion and upskilling entrepreneurs through strategic collaborations, Mastercard continues to play a pivotal role in shaping a thriving SME ecosystem in an increasingly digital and interconnected economy.
Zawya
20-02-2025
- Business
- Zawya
Mastercard SME Confidence Index: Optimism at a high as businesses in the UAE embrace digital growth and expansion
Dubai, UAE: Small and medium enterprises (SMEs) in the UAE are entering 2025 with strong optimism, fueled by a thriving digital economy, strong government support, and increasing access to financial solutions, according to the third edition of the Mastercard SME Confidence Index. The findings show that 91% of SMEs in the UAE are optimistic about their business outlook, reflecting the nation's commitment to fostering an enabling environment for entrepreneurs and small businesses to scale and succeed. Additionally, 90% expect to earn similar or more revenue this year compared to last year, an increase from the last survey. This confidence is driving expansion plans, with seven in ten SMEs seeking credit in 2025, primarily to scale their businesses rather than sustain operations. The study also highlights that digital transformation remains a key priority, with the vast majority of SMEs (83%) focusing on enhancing digital payments, while others are prioritizing financial inclusion and sustainability initiatives. 'Small and medium enterprises are the backbone of economies, driving innovation, employment, and resilience. As digital transformation accelerates, SMEs are unlocking new opportunities through digital payments and financial inclusion. Their ability to adapt and grow in a rapidly evolving business landscape reflects the strength of an ecosystem that prioritizes access to finance, digital enablement, and sustainable growth,' said Dimitrios Dosis, president Eastern Europe, Middle East and Africa, Mastercard. 'As the UAE advances its vision for a thriving digital economy, SMEs play a crucial role in driving innovation and growth. Their confidence in the future reflects not only their resilience but also the impact of an ecosystem designed to support their success. At Mastercard, we are committed to empowering SMEs with cutting-edge payment solutions, real-time insights, and strategic partnerships that help them scale sustainably and securely,' said J.K. Khalil, division president, East Arabia, Mastercard. Digital payments and data insights drive SME growth The study highlights the pivotal role of digital payments and data-driven decision-making in SME success. In the UAE, 92% of SMEs now accept digital payments, up significantly from previous years. Meanwhile, nearly all SMEs (97%) recognize the importance of better data, analytics, and insights in strengthening their businesses, signaling a shift toward smarter, tech-enabled operations. Access to credit as a growth catalyst With growth at the forefront of SME ambitions, 70% of small businesses in the UAE are actively seeking credit, reflecting their appetite for investment and expansion. Mastercard's collaboration with financial institutions and fintech partners, such as Geidea, is expanding access to innovative credit solutions. By leveraging digital payment data and insights, SMEs can build stronger financial profiles, improving their ability to secure financing and manage cash flow effectively. Public and private sector collaboration to accelerate SME success The study reveals that over 80% of SMEs in the UAE believe that private sector initiatives or partnerships have the greatest potential to positively impact their business. Mastercard continues to work closely with government and private sector partners to provide SMEs with the tools, training, and financial solutions they need to succeed. In 2024, the company partnered with Abu Dhabi Global Market (ADGM) to offer an SME-focused business education program, equipping entrepreneurs with knowledge on digital payments and financial management. As SMEs across the UAE embrace 2025 with confidence, the Mastercard SME Confidence Index serves as a critical barometer of their evolving needs, challenges, and aspirations. The company remains committed to translating this optimism into tangible progress by equipping SMEs with the tools, insights, and partnerships needed to scale sustainably. From enabling seamless digital payments and expanding access to credit, to fostering financial inclusion and upskilling entrepreneurs through strategic collaborations, Mastercard continues to play a pivotal role in shaping a thriving SME ecosystem in an increasingly digital and interconnected economy. Survey Methodology: Telephone or face-to-face interviews of SME decision-makers in nine countries across three regions (Middle East, Africa, and Eastern Europe), conducted by Ipsos. Up to 300 respondents per country in Kenya, Nigeria, South Africa and 100 in Morocco. Up to 100 respondents per country in Egypt, UAE and Saudi Arabia. Up to 100 respondents per country in Turkey and Kazakhstan. Nationally representative sample of SME size. Readable sample sizes of: Region clusters SME size Years SME is in business SME Industry Gender of decision-maker Age of decision-maker About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. Mastercard communications contact:
