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Country Report

Credit Card Transactions in

Credit Cards in Egypt

20 pages, Jan 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

More Egyptians turn to credit cards to cope with high inflation

Despite offering a diverse range of benefits and features for users, penetration of credit cards in Egypt is low. This is partly due to high interest rates, but also attributable to low saving rates and cumbersome banking bureaucracy.

Growing popularity of online payment gateways bolsters credit card usage

The increasing availability of online payment gateways is helping to boost credit card usage among Egyptian consumers. For example, the myFawry Pay application allows users who register their credit cards to pay for over 250 services, including medical, travel and utility bills.

Economic improvements support expansion of commercial credit cards

Commercial credit cards is still a minor category in Egypt as compared to personal credit cards. This is partly because of high interest rates, but also reflective of the large size of the informal economy.

COMPETITIVE LANDSCAPE

Mastercard remains the leading credit card operator in value terms

Mastercard is the leading operator in credit cards in Egypt, in terms of value transactions, and its share continues to increase thanks to its efforts to strengthen relationships with leading local banks and develop digital and mobile payment solutions in partnership with third partly platforms such as myFawry. Moreover, following the lifting of the ban on using credit and debit cards abroad, Egyptians were able to access more of the features and benefits of Mastercard credit cards in 2017.

Banks use loyalty and reward programmes to stimulate credit card spending

Personal credit cards performed well in Egypt over 2017-2018 as inflation constrained consumer purchasing power. Banks have sought to capitalise on this trend by offering rewards to encourage credit card spending.

National Bank of Egypt remains the leading credit card issuer

National Bank of Egypt remained the leading credit card issuer by a wide margin in 2017. Continuous efforts to enhance the range of products and services offered to customers helped the bank to maintain its commanding lead.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Egypt with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in Egypt, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in Egypt market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in Egypt?
What are the major operators and issuers in Egypt?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Credit Card Transactions in Egypt, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in Egypt - Category analysis

Charge Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Outlook for charge cards remains bleak

Economic uncertainty further restricts appeal of charge cards

Islamic banking could provide opportunities for charge cards

COMPETITIVE LANDSCAPE

American Express remains the sole charge card operator in Egypt

American Express adjusts its competitive strategy

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2013-2018
Table 2 Charge Cards Transactions 2013-2018
Table 3 Charge Cards in Circulation: % Growth 2013-2018
Table 4 Charge Cards Transactions: % Growth 2013-2018
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Charge Cards Transactions 2013-2018
Table 7 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 9 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Charge Cards Transactions 2013-2018
Table 11 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 12 Personal Charge Cards Transactions: % Growth 2013-2018
Table 13 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 14 Forecast Charge Cards Transactions 2018-2023
Table 15 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 16 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 17 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 18 Forecast Commercial Charge Cards Transactions 2018-2023
Table 19 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 20 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 21 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 22 Forecast Personal Charge Cards Transactions 2018-2023
Table 23 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 24 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in Egypt - Category analysis

Credit Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

More Egyptians turn to credit cards to cope with high inflation

Growing popularity of online payment gateways bolsters credit card usage

Economic improvements support expansion of commercial credit cards

COMPETITIVE LANDSCAPE

Mastercard remains the leading credit card operator in value terms

Banks use loyalty and reward programmes to stimulate credit card spending

National Bank of Egypt remains the leading credit card issuer

CATEGORY DATA

Table 25 Credit Cards: Number of Cards in Circulation 2013-2018
Table 26 Credit Cards Transactions 2013-2018
Table 27 Credit Cards in Circulation: % Growth 2013-2018
Table 28 Credit Cards Transactions: % Growth 2013-2018
Table 29 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 30 Commercial Credit Cards Transactions 2013-2018
Table 31 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 32 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 33 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 34 Personal Credit Cards Transactions 2013-2018
Table 35 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 36 Personal Credit Cards Transactions: % Growth 2013-2018
Table 37 Credit Cards: Number of Cards by Issuer 2013-2017
Table 38 Credit Cards: Number of Cards by Operator 2013-2017
Table 39 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 40 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 41 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 42 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 43 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 44 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 45 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 46 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 47 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 48 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 49 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 50 Forecast Credit Cards Transactions 2018-2023
Table 51 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 52 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 53 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 54 Forecast Commercial Credit Cards Transactions 2018-2023
Table 55 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 56 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 57 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 58 Forecast Personal Credit Cards Transactions 2018-2023
Table 59 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 60 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Egypt - Category analysis

Debit Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Improvements in financial inclusion boost category performance

Expansion activities of banks help to increase debit card usage

Debit cards set to benefit from further growth in Egypt’s banked population

COMPETITIVE LANDSCAPE

Telecommunications firms to develop QR code-based mobile payment systems

Visa remains Egypt’s leading debit card operator

National Bank of Egypt is the leading debit card issuer

CATEGORY DATA

Table 61 Debit Cards: Number of Cards in Circulation 2013-2018
Table 62 Debit Cards Transactions 2013-2018
Table 63 Debit Cards in Circulation: % Growth 2013-2018
Table 64 Debit Cards Transactions: % Growth 2013-2018
Table 65 Debit Cards: Number of Cards by Issuer 2013-2017
Table 66 Debit Cards: Number of Cards by Operator 2013-2017
Table 67 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 68 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 69 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Debit Cards Transactions 2018-2023
Table 71 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Egypt - Category analysis

Pre-Paid Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Prepaid cards provide route to greater financial inclusion

More businesses turn to open loop cards for payroll needs

Banks target younger consumers to reduce Egypt’s dependence on cash

COMPETITIVE LANDSCAPE

Visa remains the leading operator in open loop pre-paid cards

National Bank of Egypt and Bank Misr are the leading issuers of pre-paid cards

Non-banking entities embrace closed loop pre-paid cards

CATEGORY DATA

Table 73 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 74 Pre-paid Cards Transactions 2013-2018
Table 75 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 76 Pre-paid Cards Transactions: % Growth 2013-2018
Table 77 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 78 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 79 Open Loop Pre-paid Cards Transactions 2013-2018
Table 80 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 81 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 82 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 83 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 84 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 85 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 86 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 87 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 88 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 89 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 90 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 91 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 92 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 93 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 94 Forecast Pre-paid Cards Transactions 2018-2023
Table 95 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 96 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 97 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 98 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 99 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 100 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Egypt - Category analysis

Store Cards in Egypt - Company Profile

PROSPECTS

Financial Cards and Payments in Egypt - Industry Overview

EXECUTIVE SUMMARY

Financial cards develops positively as banks expand geographical coverage

Central Bank of Egypt works to increase financial inclusion via digital services

Egyptians gain confidence in electronic payments and transfers

Telecommunications firms poised to be key players in mobile payments landscape

Expansion of financial cards and payments set to continue

MARKET INDICATORS

Table 101 Number of POS Terminals: Units 2013-2018
Table 102 Number of ATMs: Units 2013-2018
Table 103 Value Lost to Fraud 2013-2018
Table 104 Card Expenditure by Location 2017
Table 105 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 106 Domestic versus Foreign Spend 2018

MARKET DATA

Table 107 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 108 Financial Cards by Category: Number of Accounts 2013-2018
Table 109 Financial Cards Transactions by Category: Value 2013-2018
Table 110 Financial Cards by Category: Number of Transactions 2013-2018
Table 111 Consumer Payments by Category: Value 2013-2018
Table 112 Consumer Payments by Category: Number of Transactions 2013-2018
Table 113 M-Commerce by Category: Value 2013-2018
Table 114 M-Commerce by Category: % Value Growth 2013-2018
Table 115 Financial Cards: Number of Cards by Issuer 2013-2017
Table 116 Financial Cards: Number of Cards by Operator 2013-2017
Table 117 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 118 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 119 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 120 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 121 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 122 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 123 Forecast Consumer Payments by Category: Value 2018-2023
Table 124 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 125 Forecast M-Commerce by Category: Value 2018-2023
Table 126 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Credit Cards in Egypt

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

More Egyptians turn to credit cards to cope with high inflation

Growing popularity of online payment gateways bolsters credit card usage

Economic improvements support expansion of commercial credit cards

COMPETITIVE LANDSCAPE

Mastercard remains the leading credit card operator in value terms

Banks use loyalty and reward programmes to stimulate credit card spending

National Bank of Egypt remains the leading credit card issuer

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Egypt - Category analysis

Charge Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Outlook for charge cards remains bleak

Economic uncertainty further restricts appeal of charge cards

Islamic banking could provide opportunities for charge cards

COMPETITIVE LANDSCAPE

American Express remains the sole charge card operator in Egypt

American Express adjusts its competitive strategy

CATEGORY DATA

Credit Cards in Egypt - Category analysis

Credit Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

More Egyptians turn to credit cards to cope with high inflation

Growing popularity of online payment gateways bolsters credit card usage

Economic improvements support expansion of commercial credit cards

COMPETITIVE LANDSCAPE

Mastercard remains the leading credit card operator in value terms

Banks use loyalty and reward programmes to stimulate credit card spending

National Bank of Egypt remains the leading credit card issuer

CATEGORY DATA

Debit Cards in Egypt - Category analysis

Debit Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Improvements in financial inclusion boost category performance

Expansion activities of banks help to increase debit card usage

Debit cards set to benefit from further growth in Egypt’s banked population

COMPETITIVE LANDSCAPE

Telecommunications firms to develop QR code-based mobile payment systems

Visa remains Egypt’s leading debit card operator

National Bank of Egypt is the leading debit card issuer

CATEGORY DATA

Pre-Paid Cards in Egypt - Category analysis

Pre-Paid Cards in Egypt - Company Profile

HEADLINES

PROSPECTS

Prepaid cards provide route to greater financial inclusion

More businesses turn to open loop cards for payroll needs

Banks target younger consumers to reduce Egypt’s dependence on cash

COMPETITIVE LANDSCAPE

Visa remains the leading operator in open loop pre-paid cards

National Bank of Egypt and Bank Misr are the leading issuers of pre-paid cards

Non-banking entities embrace closed loop pre-paid cards

CATEGORY DATA

Store Cards in Egypt - Category analysis

Store Cards in Egypt - Company Profile

PROSPECTS

Financial Cards and Payments in Egypt - Industry Overview

EXECUTIVE SUMMARY

Financial cards develops positively as banks expand geographical coverage

Central Bank of Egypt works to increase financial inclusion via digital services

Egyptians gain confidence in electronic payments and transfers

Telecommunications firms poised to be key players in mobile payments landscape

Expansion of financial cards and payments set to continue

MARKET INDICATORS