Egypt’s digital payments sector is witnessing record-breaking momentum, with mobile wallet transactions soaring 72% year-on-year in the second quarter of 2025. According to data from the National Telecom Regulatory Authority (NTRA), the total transaction value hit $19.63 billion, up from $11.41 billion in Q2 2024, underscoring robust adoption of secure, cashless solutions.
The number of processed transactions surged 80% year-on-year to 717.7 million, while active e-wallets increased by 29% to 46.3 million, reflecting a growing base of digitally engaged consumers. This expansion signals a deeper shift toward financial inclusion and a more technology-driven financial ecosystem in Egypt.
The NTRA has been instrumental in this transformation, working with telecom operators to establish strong regulatory frameworks and security measures that reduce fraud and build user trust. These initiatives ensure both urban and rural populations benefit from accessible and secure financial tools.
Market Leaders
- Vodafone Cash dominates with 55% of wallets, 78% of transactions, and 81% of transaction value.
- e& Cash holds 21% of wallets, 11% of transactions, and 10% of value.
- Orange Cash accounts for 19% of wallets, 10% of transactions, and 8% of value.
- WE Pay trails with 5% of wallets and 1% of both transactions and value.
Transaction Trends
Wallet-to-wallet transfers lead the ecosystem, representing 54% of transactions and 71% of value. Deposits make up 19% of transactions, withdrawals 5%, and top-ups 20%, though the latter contributes only 1% of value. Other payments, including donations, utility bills, and eCommerce, account for 2% of both volume and value.
Cash inflows are primarily driven by InstaPay transfers from bank accounts (65%), followed by direct deposits (22%), inbound remittances (7%), and card/ATM deposits (6%). On the outflow side, withdrawals dominate at 79%, with payments at 15% and top-ups at 6%.
Egypt’s mobile wallet boom highlights its ongoing digital transformation, combining consumer-focused design, secure infrastructure, and regulatory backing. With adoption accelerating, the country is positioning itself as a regional leader in digital financial services, driving inclusion, innovation, and economic growth.
