Egypt’s mobile wallet market posted strong growth in the second quarter of 2025, with transactions rising 80% year-on-year to 718 million, according to the National Telecommunications Regulatory Authority (NTRA). The total value of these transactions climbed 72% to EGP 943 billion, while the number of active wallets grew 29% to reach 46.3 million.
Vodafone Cash continued to dominate the market, accounting for 55% of wallets, 78% of transactions, and 81% of transaction value. Other providers included e& Cash (21%), Orange Cash (19%), and WE Pay (5%).
Peer-to-peer transfers led activity, representing 54% of transactions by volume and 71% by value. Mobile and internet top-ups followed with 20% by volume, while deposits accounted for 19% by volume and 15% by value. Withdrawals made up 5% by volume but 11% by value, while other payments such as bills, donations, and retail purchases comprised just 2%.
Bank-to-wallet transfers through InstaPay represented the majority of deposits at 65%, followed by cash deposits (22%), international remittances (7%), card-to-wallet transfers (3%), and ATM deposits (3%). For withdrawals, direct cash withdrawals dominated at 79%, followed by other payments (15%) and mobile/internet top-ups (6%).
To support continued adoption, the NTRA introduced new regulations to curb fraud and protect users. It also approved a service enabling Egyptians abroad to send remittances directly into local mobile wallets in Egyptian pounds, further boosting the sector’s role in financial inclusion and digital payments.
