Product Code: ETC278512 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The mobile wallet market in Egypt is expanding as more people turn to cashless transactions. Mobile wallets offer convenient payment options, aligning with Egypts move toward a digital economy and supporting financial inclusion efforts among underserved populations.
The mobile wallet market in Egypt is fueled by the shift towards digital payments and the convenience offered by mobile wallets for making transactions. Mobile wallets enable users to store payment information and make cashless transactions, supporting Egypt`s move toward a cashless economy. As awareness and acceptance of digital payments grow, the adoption of mobile wallets in Egypt is increasing, especially among younger consumers.
The mobile wallet market faces challenges related to regulatory compliance, which can slow the adoption of mobile payment solutions. Additionally, a lack of consumer trust in digital wallets creates significant barriers to usage, particularly among older demographics. Infrastructure issues, such as limited internet access, can also hinder the effectiveness of mobile wallet solutions. Furthermore, competition from traditional banking services poses a challenge for market players seeking to expand their offerings.
The Egyptian government actively promotes digital payment solutions, including mobile wallets, as part of its financial inclusion and cashless economy strategy. Policies introduced by the Central Bank of Egypt encourage the use of mobile wallets by providing a regulatory framework for secure transactions. Incentives for fintech startups and partnerships with banks and telecom operators support the growth of mobile wallets, making them increasingly popular among the population.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Mobile Wallet Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Mobile Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Mobile Wallet Market - Industry Life Cycle |
3.4 Egypt Mobile Wallet Market - Porter's Five Forces |
3.5 Egypt Mobile Wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Egypt Mobile Wallet Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Egypt Mobile Wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Egypt Mobile Wallet Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Egypt Mobile Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Egypt |
4.2.2 Growing adoption of digital payment methods |
4.2.3 Government initiatives to promote cashless transactions |
4.3 Market Restraints |
4.3.1 Limited internet infrastructure and connectivity in certain regions of Egypt |
4.3.2 Low levels of financial literacy among certain population segments |
5 Egypt Mobile Wallet Market Trends |
6 Egypt Mobile Wallet Market, By Types |
6.1 Egypt Mobile Wallet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Mobile Wallet Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Egypt Mobile Wallet Market Revenues & Volume, By Proximity, 2021-2031F |
6.1.4 Egypt Mobile Wallet Market Revenues & Volume, By Remote, 2021-2031F |
6.2 Egypt Mobile Wallet Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Egypt Mobile Wallet Market Revenues & Volume, By Near Field Communication, 2021-2031F |
6.2.3 Egypt Mobile Wallet Market Revenues & Volume, By Qr Code, 2021-2031F |
6.2.4 Egypt Mobile Wallet Market Revenues & Volume, By Text Based/short Message Service, 2021-2031F |
6.2.5 Egypt Mobile Wallet Market Revenues & Volume, By Digital Only, 2021-2031F |
6.3 Egypt Mobile Wallet Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Egypt Mobile Wallet Market Revenues & Volume, By Hospitality & Transportation, 2021-2031F |
6.3.3 Egypt Mobile Wallet Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.4 Egypt Mobile Wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.3.5 Egypt Mobile Wallet Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Egypt Mobile Wallet Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.3.7 Egypt Mobile Wallet Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4 Egypt Mobile Wallet Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Egypt Mobile Wallet Market Revenues & Volume, By Personal, 2021-2031F |
6.4.3 Egypt Mobile Wallet Market Revenues & Volume, By Business, 2021-2031F |
7 Egypt Mobile Wallet Market Import-Export Trade Statistics |
7.1 Egypt Mobile Wallet Market Export to Major Countries |
7.2 Egypt Mobile Wallet Market Imports from Major Countries |
8 Egypt Mobile Wallet Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active users on mobile wallet platforms |
8.3 Frequency of mobile wallet usage per user |
8.4 Number of merchants accepting mobile wallet payments |
8.5 Percentage of transactions conducted through mobile wallets |
9 Egypt Mobile Wallet Market - Opportunity Assessment |
9.1 Egypt Mobile Wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Egypt Mobile Wallet Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Egypt Mobile Wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Egypt Mobile Wallet Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Egypt Mobile Wallet Market - Competitive Landscape |
10.1 Egypt Mobile Wallet Market Revenue Share, By Companies, 2024 |
10.2 Egypt Mobile Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |