Egypt’s mobile wallet market continued its rapid expansion through mid-2025, with the number of registered accounts climbing to 55.8 million by the end of June, underscoring the country’s accelerating shift toward digital payments and cashless transactions.
According to the latest economic bulletin issued by the Central Bank of Egypt, mobile wallet platforms processed approximately 2.5 billion transactions between July 2024 and June 2025, with a combined value estimated at EGP 3.4 trillion.
The figures highlight the growing adoption of electronic payment solutions across Egypt, as consumers increasingly rely on smartphones for transfers, bill payments, purchases and peer-to-peer transactions.
The report also pointed to a sharp expansion in the deployment of digital payment infrastructure nationwide. Around 904,000 QR codes and Request-to-Pay (R2P) services were rolled out for use through mobile wallet applications, e-commerce platforms and retail outlets during the reporting period.
The widespread use of QR-based payments and R2P technology reflects mounting consumer confidence in non-cash payment methods, while supporting the central bank’s broader strategy to deepen financial inclusion and modernize Egypt’s digital payments ecosystem.
The rapid growth comes as Egyptian authorities intensify efforts to integrate more citizens into the formal financial system, expand fintech adoption and reduce dependence on cash transactions across the economy.
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