Cairo 21 Mar 2024:
Valu, MENA’s leading universal financial technology powerhouse, is proud to announce that it has achieved its compliance certification with the Payment Card Industry Data Security Standard (PCI DSS) v4.0 for the second consecutive year. Valu was the first company in Egypt to achieve PCI DSS v4.0 compliance certification last year. This rigorous assessment validates Valu’s unwavering commitment to safeguarding customer data and maintaining a secure environment across our platform.
“At Valu, security is paramount,” said Mohamed Negm, Chief Information Security Officer of Valu. “Earning PCI DSS v4.0 compliance demonstrates our dedication to exceeding industry standards and building customer trust. We understand the importance of protecting sensitive financial information, and this achievement reflects our ongoing investment in robust security measures.”
The PCI DSS is a globally recognized set of requirements designed to handle cardholder data safely. Compliance involves stringent measures such as regular security assessments, robust access controls, data encryption, and maintaining a comprehensive security program.
This achievement signifies Valu’s commitment to providing Valu’s customers with a safe and secure platform. We continuously strive to stay ahead of evolving threats and implement the latest security solutions to protect the customers’ valuable information.
About Valu
Valu is the leading universal financial technology powerhouse offering customers and businesses convenient and comprehensive financial solutions. Under its product universe, Valu pioneered Buy-Now, Pay-Later (BNPL) solutions in the MENA region through U, providing customizable financing plans for up to 60 months across more than 6,000 points of sale and over 1,500 websites and apps – covering a diverse array of categories, including home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel, and fashion, among others.
Valu also offers investment products, an instant cash redemption program, savings solutions, and a financing solution to facilitate the purchase of big-ticket items up to EGP 15 million in the luxury space through the AZ Valu fund and EFG Hermes ONE, Sha2labaz, Akeed, and Ulter respectively. In addition, Valu offers business-to-business solutions with a hassle-free HR payroll service and more through Valu Business. Valu has recently launched a co-branded credit card and its own prepaid card in partnership with Visa. As an award-winning fintech player in the MENA region, Valu embraces a progressive mindset with an agile workforce committed to architecting innovative financial solutions.
