Payment methods in Egypt
Today, Egypt's e-commerce market is worth almost US$7 billion. By 2027, this will increase to just under US$12 billion.
Market takeaways
- Today, Egypt's e-commerce market is worth almost US$7 billion. By 2027, this will increase to just under US$12 billion.
- The most popular type of digital payment method in Egypt is the e-wallet, with a 15% market share.
- Egyptians use a card to pay for less than a third of all online purchases. The remainder they pay for with cash or using a range of digital payment methods.
- Every year, Egyptians complete more than 40% of their online transactions using a mobile device - and this number is rising all the time.
- The average Egyptian online shopper spends US$80 a year with e-commerce merchants, rising to US$103 by 2027.
Population
106.2M
Online population
76.5M
B2C e-commerce
$6.1B
Banked population
39%
Credit card population
4%
E-commerce of total retail
3%
Payment method breakdown
- Card30%
- Cash31%
- Bank Transfer10%
- E-Wallet15%
- Other14%
Card scheme breakdown
- Visa32%
- Mastercard38%
- American Express0%
- Local schemes29%
- Other1%
Cross-border e-commerce
Cross-border shoppers
0%
Share of e-commerce
30%
Cross-border value (est.)
$1.8B
Featured payment methods in Egypt
Popular options based on coverage and prominence in this market.
InstaPay
Instant payment network enabling 24/7 interbank transfers; processed $53 billion by 2024
Cash on Delivery
A traditional payment method where customers pay for goods in cash upon delivery. It remains a popular alternative to electronic payments in countries like Hungary and Slovenia.
Fawry
Cash network allowing shoppers to pay online purchases at over 166,500 locations
Vodafone/Orange/Etisalat/WE Wallets
Mobile wallets used by millions of Egyptians; Vodafone Cash alone has 8.2M users and 62.7% market share
All payment methods in Egypt
Discover 4 payment methods from around the world
Featured banks in Egypt
Major institutions operating in this market.
Crédit Agricole Group
Paris, France
Crédit Agricole is the world's largest cooperative bank and France's second-largest financial group. It provides retail, corporate, insurance, and asset management services in France and internationally.
First Abu Dhabi Bank (FAB)
Abu Dhabi, UAE
FAB (First Abu Dhabi Bank) is the UAE's largest bank and one of the largest in the Middle East, formed from the 2017 merger of FGB and NBAD.
Emirates NBD
Dubai, UAE
Emirates NBD is Dubai's largest bank, offering retail, SME, corporate, and private banking with a strong regional and global presence.
Intesa Sanpaolo
Turin, Italy
Intesa Sanpaolo is Italy's largest bank and one of the Eurozone's leading financial institutions, providing retail, corporate, and investment banking in Italy and across Eastern Europe, the Middle East, and Africa.
Qatar National Bank (QNB)
Doha, Qatar
QNB is Qatar's largest bank and the largest bank in the Middle East and Africa by total assets, operating across 31 countries.
Attijariwafa Bank Morocco
Casablanca, Morocco
Attijariwafa Bank is Morocco's largest bank and one of Africa's top banking groups, with operations across Africa and Europe.
All banks in Egypt
Showing 13 of 13 banks
