29 Jul 2021

A recent survey conducted by Visa in conjunction with the Central Bank of Egypt’s Egyptian Banking Institute revealed that there is a decline in the usage of cash as a form of payment in favour of digital payment methods. The survey sample was from holders of payment cards that have made at least one online payment in the last six months.

Some of the results of the survey, based on the responses of those surveyed, are:

690% increase in the use of digital payments (payment cards such as credit and debit cards) for deliveries and online transactions

85% decline in cash payments for deliveries during the pandemic

74% are more likely to use contactless payment methods more going forward

(Source: Visa (English) (Arabic), al-Maal, Arab Finance, Amwal al-Ghad, al-Dustour)