Egypt

Egypt

Presents significant opportunities for companies in the digital payments space.

Presents significant opportunities for companies in the digital payments space.

Accepting Payments in Egypt
The most popular payment method in Egypt, where individuals use their digital wallet for payments.
Accepting Payments in Egypt

Key Factors Driving Growth

In emerging markets, payment risks are complex and evolving. PayFuture’s Fraud Risk Management uses AI-driven technology and multi-layered security to monitor transactions, helping businesses operate confidently across diverse regions.

Population
0 Million

Egypt ranks as the 13th most populous country globally, with a median age of 24.3 years, reflecting a young and dynamic demographic.

Internet Users
0 Million

The highest number in the MENA region. This expanding digital presence provides businesses with an opportunity to reach a large and increasingly digital consumer base.

E-commerce Revenue
0 Million

Just in September 2024. This has made the e-commerce sector one of the fastest-growing sectors in Egypt.

Egypt’s Growing Demand for Digital Payment Solutions

≈ 25 - 50%
Year over year, the digital payments market in Egypt is growing.
71.5%
Of eligible citizens in Egypt (aged 16 and above) were financially included as of June 2024, an increase from 70.7% in December 2023.

Egypt's digital payments market is expected to grow from $20.6 billion in 2024 to $31 billion by 2028 at an annual rate of about 11%.

Why offer localised payment solutions in Egypt?

Egypt's digital payments market is expected to grow from $20.6 billion in 2024 to $31 billion by 2028 at an annual rate of about 11%. Showcasing significant revenue opportunities for businesses entering this expanding market.

Offering local payment methods helps businesses connect with both banked and unbanked populations in Egypt, making financial services more accessible to everyone. With an impressive 181% growth in financial inclusion from 2016 to 2024, Egypt is a prime example of how embracing solutions like mobile wallets and alternative payments can make a real difference. These options open the door for customers who don’t use traditional banking, helping businesses grow while promoting a more inclusive economy.

Why Egypt’s Digital Boom is the Perfect Opportunity for Your Business

Driven by a significant shift toward digital payments, Egypt is rapidly becoming a prime market for business growth. Offering various payment methods—ranging from card and instant payments to digital wallets and QR codes—Egypt’s payment landscape provides businesses with numerous ways to cater to local preferences. Strong government support for digital advancement makes it easier for companies entering Egypt to align with national objectives and integrate smoothly. High smartphone adoption has spurred the popularity of mobile-first payments, with digital wallets and mobile-friendly options now widely used. This shift not only simplifies payments but also reduces banking costs, making financial services more accessible to a broader population. PayFuture is an ideal partner for businesses expanding in Egypt. Our platform offers trusted, widely-used payment options tailored for local customers, covering both domestic and cross-border transactions. With robust security and full compliance with Central Bank regulations, PayFuture safeguards every transaction. Purpose-built for emerging markets, our solution enables businesses to tap into Egypt’s expanding digital economy, increase sales, and reach a broader customer base—ensuring a smooth, successful market entry into Egypt.
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