Egypt’s mobile wallet transactions rose 62% year-on-year to 2.22 billion in the first half of 2026, as the country’s digital payments ecosystem continued to expand, according to data from the National Telecom Regulatory Authority (NTRA).
Transaction value increased 56% to EGP 2.96 trillion ($57.6 billion), up from EGP 1.90 trillion ($36.9 billion) a year earlier. The number of registered mobile wallets grew 23% to 57.01 million.
Vodafone Cash remained the market leader, accounting for 53% of registered wallets and 57% of active wallets. It also handled 69% of transactions by volume and 77% by value. e& money held 23% of registered wallets, followed by Orange Cash at 20% and WE Pay at 4%.
Wallet-to-wallet transfers made up 54% of transactions and 67% of total value. Mobile and internet top-ups accounted for 25% of transaction volume, while deposits represented 13%.
InstaPay was responsible for 78% of deposit transactions from bank accounts to wallets and 58% of deposited value. Cash withdrawals represented just 12% of outflow transactions but accounted for 75% of withdrawn or spent value.
Cairo had the largest concentration of wallets, with 10.6 million, followed by Giza with 6.5 million. Men held 67% of all wallets, while users aged 26 to 45 accounted for half of the national total.
The NTRA said it is working with telecom operators to develop the regulatory framework for mobile wallet services and support wider electronic payments adoption.
Source: Fast Company Middle East
