Egypt’s Mobile Wallet Transactions Soar 80% to Record EGP 943 Billion in Q2 2025
▼ Summary
– Egypt’s mobile wallet transactions grew 80% year-on-year to 718 million in Q2 2025, with transaction value increasing 72% to EGP 943 billion.
– Active mobile wallets increased 29% to 46.3 million, with Vodafone Cash dominating market share across all metrics.
– Peer-to-peer transfers represented the largest activity category at 54% of transaction volume and 71% of value.
– Deposits were primarily driven by bank-to-wallet transfers via InstaPay (65%), while withdrawals were dominated by direct cash withdrawals (79%).
– NTRA introduced new fraud reduction regulations and approved a service for international remittances directly into local mobile wallets.
Egypt’s mobile wallet sector has experienced a remarkable surge, with transaction volume climbing 80% year-on-year to reach 718 million in the second quarter of 2025. The total value of these transactions also saw a substantial increase, rising by 72% to an unprecedented EGP 943 billion, up from EGP 548.6 billion during the same period the previous year.
This growth reflects a broader trend of digital financial adoption across the country. The number of active mobile wallets expanded by 29%, reaching 46.3 million users. Vodafone Cash maintained its leading position in the market, holding 55% of all wallets, 78% of transaction volume, and 81% of the total transaction value. Other key players included e& Cash with 21%, Orange Cash at 19%, and WE Pay accounting for 5%.
Peer-to-peer transfers dominated usage patterns, making up 54% of transactions by volume and a commanding 71% by value. Mobile and internet top-ups followed, representing 20% of volume, while deposits accounted for 19% of volume and 15% of value. Withdrawals made up 5% of volume and 11% of value. Other payment types, such as bills, donations, and retail purchases, contributed just 2% to overall activity.
Deposits into mobile wallets were primarily facilitated through bank-to-wallet transfers via InstaPay, which drove 65% of deposit activity. Cash deposits represented 22%, while international remittances contributed 7%. Card-to-wallet and ATM deposits each accounted for 3%. On the withdrawal side, direct cash withdrawals were the most common method, making up 79% of all withdrawals.
To support this rapidly expanding sector, the National Telecommunications Regulatory Authority implemented new regulations aimed at reducing fraud and improving user protection. Additionally, the authority approved a new service that allows Egyptians living abroad to send remittances directly into local mobile wallets in Egyptian pounds. This initiative is designed to broaden access to secure and official transfer channels, further integrating mobile wallets into the national financial ecosystem.
(Source: MEA Tech Watch)