Territories - Africa

Egypt’s payment landscape is evolving rapidly, reflecting its growing digital economy and expanding e-commerce sector. Traditional payments, such as cash and bank transfers, continue to be widely used, with cash transactions accounting for about 67% of total payments. However, there is a significant shift towards digital solutions driven by increasing internet penetration and smartphone usage. E-commerce in Egypt is booming, projected to reach $28.3 billion by 2025. Alternative payments, including mobile wallets like Vodafone Cash and international services like PayPal, are gaining popularity, especially among the tech-savvy youth. Credit and debit card usage is also on the rise, supported by a robust banking infrastructure and government initiatives to promote financial inclusion and digital payments.