The number of financial transactions executed through mobile wallets jumped 80% year-on-year to 717.7 million, up from 397.7 million a year earlier. The total number of active e-wallets also rose 29% to 46.3 million, compared to 35.8 million in Q2 2024.
The NTRA said it is working closely with telecom operators to strengthen Egypt’s digital payments ecosystem, setting regulatory frameworks and reinforcing security standards to enhance user protection and limit fraud.
According to the report, Vodafone Cash dominated the market, accounting for 55% of total wallets, 78% of transactions, and 81% of transaction value. e& Cash followed with 21% of wallets, 11% of transactions, and 10% of value. Orange Cash held 19% of wallets, 10% of transactions, and 8% of value, while WE Pay had a 5% share of wallets and just 1% of both transactions and value.
By service type, wallet-to-wallet transfers represented 54% of all transactions and 71% of their value. Deposits accounted for 19% of transactions and 15% of value, while withdrawals made up 5% of transactions and 11% of value