Mobile Wallet Transactions Surge In 1H21

Giving More to Your Wealth
18 Aug 2021

The NTRA (National Telecom Regulatory Authority) has revealed that the number of electronic transactions performed through mobile wallets in 1H21 in Egypt increased by 175% YoY to reach 81mn transactions. The total number of mobile wallets in Egypt increased by 16% to sit at 16.3mn wallets. As for the number of transfers from one wallet to another, the increase was a staggering 300% to reach 35.2mn transactions, with an average transaction equal to EGP1,203. Deposits increased by 109% with an average transaction of EGP1,580, and withdrawals increased by 132% with an average transaction of EGP1,965. Other payment transactions, including bill payments, online shopping, and salary transfers, increased by a whopping 323% with an average transaction of EGP175.

(Source: NTRA, Mubasher (English), Daily News Egypt (English), al-Maal, Arab Finance, Amwal al-Ghad, al-Ahram, al-Masry al-Youm, Sada el-Balad, al-Arabiya)

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