The value of transactions conducted through mobile wallets in Egypt soared to EGP 943.4 billion during the second quarter of 2025, marking a 72% jump from EGP 548.6 billion in Q2 2024, according to the National Telecom Regulatory Authority (NTRA). The number of financial transactions also surged 80% year-on-year to 717.7 million, while active e-wallets rose 29% to 46.3 million.
Vodafone Cash dominated the market with 55% of wallets, 78% of transactions, and 81% of transaction value. e& Cash followed with 21% of wallets, 11% of transactions, and 10% of value. Orange Cash accounted for 19% of wallets, 10% of transactions, and 8% of value, while WE Pay held a minor 5% share of wallets and just 1% of both transactions and value.
In terms of usage, wallet-to-wallet transfers represented 54% of all transactions and 71% of value. Deposits contributed 19% of transactions and 15% of value, while withdrawals made up 5% of transactions but 11% of value. Top-ups accounted for 20% of transactions but only 1% of value, with other payments such as donations, utility bills, and shopping comprising 2% of transactions and value.
Cash inflows into e-wallets came largely from InstaPay transfers at 65%, followed by direct deposits (22%), inbound remittances (7%), and 3% each from card-based and ATM deposits. Outflows were mainly driven by withdrawals (79%), followed by other payments (15%) and top-ups (6%).
To further strengthen Egypt’s digital payments ecosystem, the NTRA introduced new measures in Q2 2025, including enhanced security protocols to combat fraud and enabling international remittances to be received directly into e-wallets in Egyptian pounds under the IMR service. This step is expected to encourage the use of official digital channels by Egyptians abroad.
