{"id":44706,"date":"2025-05-06T20:11:51","date_gmt":"2025-05-06T17:11:51","guid":{"rendered":"https:\/\/entarabi.com\/?p=44706"},"modified":"2025-05-06T20:17:47","modified_gmt":"2025-05-06T17:17:47","slug":"klivvr-launches-buy-now-pay-later-service-in-egypt-after-regulatory-approval","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/klivvr-launches-buy-now-pay-later-service-in-egypt-after-regulatory-approval\/","title":{"rendered":"Klivvr Launches \u201cBuy Now, Pay Later\u201d Service in Egypt After Regulatory Approval"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"317\" data-end=\"417\">Klivvr launches BNPL service in Egypt with approval from the Financial Regulatory Authority (FRA).<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"317\" data-end=\"417\">The service offers flexible payment options and instant approvals via the Klivvr app.<\/li>\n<li dir=\"ltr\" data-start=\"508\" data-end=\"609\">\n<p style=\"text-align: left;\" data-start=\"510\" data-end=\"609\">The launch addresses rising consumer demand for installment solutions amid increasing living costs.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" data-start=\"611\" data-end=\"1003\"><strong data-start=\"611\" data-end=\"621\">Klivvr<\/strong>, the leading digital money management platform, has officially launched its <strong data-start=\"698\" data-end=\"729\">\u201cBuy Now, Pay Later\u201d (BNPL)<\/strong> service in Egypt after receiving approval from the <strong data-start=\"781\" data-end=\"821\">Financial Regulatory Authority (FRA)<\/strong>. The new service ushers in a new era of financial flexibility and inclusion, aligned with Klivvr\u2019s mission to democratize access to smart financial solutions in the Egyptian market.<\/p>\n<h3 dir=\"ltr\" data-start=\"1005\" data-end=\"1039\">What Is Klivvr\u2019s BNPL Service?<\/h3>\n<p dir=\"ltr\" data-start=\"1041\" data-end=\"1226\">Klivvr\u2019s BNPL feature introduces a new way for users to manage daily spending by combining the simplicity of upfront payments with the flexibility of installments. Key features include:<\/p>\n<ul dir=\"ltr\" data-start=\"1227\" data-end=\"1390\">\n<li data-start=\"1227\" data-end=\"1252\">\n<p data-start=\"1229\" data-end=\"1252\"><strong data-start=\"1229\" data-end=\"1250\">Instant approvals<\/strong><\/p>\n<\/li>\n<li data-start=\"1253\" data-end=\"1309\">\n<p data-start=\"1255\" data-end=\"1309\"><strong data-start=\"1255\" data-end=\"1285\">Personalized credit limits<\/strong> tailored to each user<\/p>\n<\/li>\n<li data-start=\"1310\" data-end=\"1390\">\n<p data-start=\"1312\" data-end=\"1390\"><strong data-start=\"1312\" data-end=\"1349\">No paperwork or third-party steps<\/strong>\u2014everything is done within the Klivvr app<\/p>\n<\/li>\n<\/ul>\n<blockquote dir=\"ltr\" data-start=\"1392\" data-end=\"1737\">\n<p data-start=\"1394\" data-end=\"1737\"><strong data-start=\"1394\" data-end=\"1467\">\u201cWe aim to drive a fundamental shift in financial services in Egypt,\u201d<\/strong> said <em data-start=\"1473\" data-end=\"1503\">Nils Bechtler, CEO of Klivvr<\/em>.<br data-start=\"1504\" data-end=\"1507\" \/><em data-start=\"1509\" data-end=\"1737\">\u201cThis service is a fresh start for users to take full control of their financial decisions with unprecedented confidence and clarity. It aligns with our mission to provide a transparent and user-friendly financial experience.\u201d<\/em><\/p>\n<\/blockquote>\n<h3 dir=\"ltr\" data-start=\"1739\" data-end=\"1785\">Building an Integrated Financial Ecosystem<\/h3>\n<p dir=\"ltr\" data-start=\"1787\" data-end=\"1848\"><strong data-start=\"1787\" data-end=\"1802\">Omar Sherif<\/strong>, Chief Technology Officer at Klivvr, noted:<\/p>\n<blockquote dir=\"ltr\" data-start=\"1849\" data-end=\"2155\">\n<p data-start=\"1851\" data-end=\"2155\"><strong data-start=\"1851\" data-end=\"2155\">\u201cThis step allows us to seamlessly integrate lending services into our ecosystem and provide users with a more flexible and intuitive experience. We&#8217;re not just adding a feature\u2014we&#8217;re unlocking innovative financial capabilities that empower our users to achieve their goals with confidence and ease.\u201d<\/strong><\/p>\n<\/blockquote>\n<h3 dir=\"ltr\" data-start=\"2157\" data-end=\"2197\">Timely Innovation Amid Rising Demand<\/h3>\n<p dir=\"ltr\" data-start=\"2199\" data-end=\"2423\">The launch comes at a critical time when Egyptians are increasingly seeking smarter financial tools to manage their budgets. With <strong data-start=\"2329\" data-end=\"2358\">the rising cost of living<\/strong>, demand for installment-based options has reached record levels.<\/p>\n<blockquote dir=\"ltr\" data-start=\"2425\" data-end=\"2727\">\n<p data-start=\"2427\" data-end=\"2727\"><strong data-start=\"2427\" data-end=\"2444\">Basem Youssef<\/strong>, Group CFO at Klivvr, added:<br data-start=\"2473\" data-end=\"2476\" \/><strong data-start=\"2478\" data-end=\"2727\">\u201cOur mission is to connect consumer needs with financial sustainability. Introducing BNPL into the Klivvr ecosystem enhances our revenue model and delivers exceptional value to users. We&#8217;re entering a new era of data-driven, responsible growth.\u201d<\/strong><\/p>\n<\/blockquote>\n<h3 dir=\"ltr\" data-start=\"2729\" data-end=\"2751\">Background Context<\/h3>\n<p dir=\"ltr\" data-start=\"2753\" data-end=\"3048\">In <strong data-start=\"2756\" data-end=\"2773\">November 2024<\/strong>, <strong data-start=\"2775\" data-end=\"2804\">Orascom Financial Holding<\/strong> initially approved a <strong data-start=\"2826\" data-end=\"2842\">tender offer<\/strong> from <strong data-start=\"2848\" data-end=\"2874\">Klivvr Holding Limited<\/strong> to acquire <strong data-start=\"2886\" data-end=\"2910\">59.39 million shares<\/strong>, representing <strong data-start=\"2925\" data-end=\"2935\">98.99%<\/strong> of Klivvr for Electronics and Digital Payments\u2014signaling confidence in the company\u2019s long-term fintech strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Klivvr launches BNPL service in Egypt with approval from the Financial Regulatory Authority (FRA). The service offers flexible payment options and instant approvals via the Klivvr app. The launch addresses rising consumer demand for installment solutions amid increasing living costs. Klivvr, the leading digital money management platform, has officially launched its \u201cBuy Now, Pay Later\u201d [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":44704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6270],"class_list":["post-44706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-klivvr"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/44706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=44706"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/44706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/44704"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=44706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=44706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=44706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}