Egypt’s Mobile Wallet Transactions Jump 80% in Q2 2025

Egypt’s mobile wallet sector expanded in the second quarter of 2025, with the number of financial transactions rising 80% year-on-year to 718 million, according to data from the National Telecommunications Regulatory Authority (NTRA). The total value of transactions increased 72% to EGP 943 billion, compared with EGP 548.6 billion in the same quarter a year earlier. Active wallets also grew 29% to reach 46.3 million. By provider, Vodafone Cash maintained its dominance of the market, accounting for 55% of wallets, 78% of transactions, and 81% of transaction value. It was followed by e& Cash with 21%, Orange Cash with 19%, and WE Pay with 5%. Peer-to-peer transfers represented the largest share of activity, making up 54% of transactions by volume and 71% by value. Mobile and internet top-ups accounted for 20% by volume. Deposits represented 19% by volume and 15 percent by value, while withdrawals made up 5% by volume and 11% by value. Other payments, including bills, donations, and retail purchases, collectively accounted for 2%. Most deposits were made via bank-to-wallet transfers through InstaPay at 65%, followed by cash deposits at 22%, international remittances at 7%, card-to-wallet transfers at 3%, and ATM deposits at 3%. On the withdrawal side, 79% were direct cash withdrawals, 15% were other payments, and 6% were mobile or internet top-ups. To encourage wider adoption and enhance security, the NTRA introduced new regulations aimed at reducing fraud and protecting users. The authority also approved a service allowing Egyptians abroad to send remittances directly into local mobile wallets in Egyptian pounds.