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Country Report

Financial Cards and Payments in

Financial Cards and Payments in Egypt

41 pages, Nov 2017

US$2,100

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Executive Summary

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

Financial cards develops healthily in Egypt

The growth in financial cards in Egypt was mainly driven by government initiatives to improve financial inclusion in the country. The support of the IMF and its influence on the control of financial policy helped to lower the inflation that followed currency flotation at the end of 2016.

Central Bank of Egypt removes foreign currency limits on financial cards

In 2016, Egyptian banks restricted the usage of cards outside Egypt in order to cope with a shortage of foreign currency and cover their liabilities. The Egyptian pound flotation in November 2016 reduced the pressure on the financial market; however, the overall weakness of the economy did not relieve business or consumers.

Despite economic and social reforms, Egypt is still not a digital economy

Despite fast financial digitalisation in neighbouring countries, Egypt remained passive about modern financial instruments. Egypt Vision 2030 and Egypt’s 5-year macroeconomic framework (“Y14/15 - FY18/19” strategy) highlights only a “less cash” economy.

Year of “superbanking” boosts financial cards

Egypt witnessed a year of “superbanking” in conventional banking in 2017. The government’s efforts to steer the economy away from cash resulted in strong growth in the number of financial cards issued.

Regional and local banks lead retail banking

Flagship international banks, Citibank and Barclays, exited Egypt prior the peak of the financial turmoil in the country. Commercial International Bank acquired Citibank’s portfolio in 2015, while the Moroccan bank Attijariwafa Bank purchased Barclays Bank Egypt’s portfolio in 2017.

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Overview

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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 Financial Cards and Payments 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 Financial Cards and Payments industry in Egypt, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in Egypt market research report includes:

Analysis of key supply-side and demand trends
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 Financial Cards and Payments in Egypt?
What are the major operators and issuers in Egypt?
How will regulation impact the market?
What is the current state of emerging payment technologies such as mobile commerce?

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 Financial Cards and Payments in Egypt, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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Financial Cards and Payments in Egypt - Industry Overview

EXECUTIVE SUMMARY

Financial cards develops healthily in Egypt

Central Bank of Egypt removes foreign currency limits on financial cards

Despite economic and social reforms, Egypt is still not a digital economy

Year of “superbanking” boosts financial cards

Regional and local banks lead retail banking

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2012-2017
Table 2 Number of ATMs: Units 2012-2017
Table 3 Value Lost to Fraud 2012-2017
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 6 Domestic versus Foreign Spend 2017

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 8 Financial Cards by Category: Number of Accounts 2012-2017
Table 9 Financial Cards Transactions by Category: Value 2012-2017
Table 10 Financial Cards by Category: Number of Transactions 2012-2017
Table 11 Consumer Payments by Category: Value 2012-2017
Table 12 Consumer Payments by Category: Number of Transactions 2012-2017
Table 13 M-Commerce by Category: Value 2013-2017
Table 14 M-Commerce by Category: % Value Growth 2013-2017
Table 15 Financial Cards: Number of Cards by Issuer 2012-2016
Table 16 Financial Cards: Number of Cards by Operator 2012-2016
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 20 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 21 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 22 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 23 Forecast Consumer Payments by Category: Value 2017-2022
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 25 Forecast M-Commerce by Category: Value 2017-2022
Table 26 Forecast M-Commerce by Category: % Value Growth 2017-2022

SOURCES

Summary 1 Research Sources

Charge Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

The disappearance of charge cards

Economic challenges hamper the performance of charge cards

High interest rates and annual fees weaken personal charge cards

COMPETITIVE LANDSCAPE

American Express is the sole operator of charge cards in Egypt

American Express revises its strategies

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2012-2017
Table 28 Charge Cards Transactions 2012-2017
Table 29 Charge Cards in Circulation: % Growth 2012-2017
Table 30 Charge Cards Transactions: % Growth 2012-2017
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 32 Commercial Charge Cards Transactions 2012-2017
Table 33 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 34 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 35 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 36 Personal Charge Cards Transactions 2012-2017
Table 37 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 38 Personal Charge Cards Transactions: % Growth 2012-2017
Table 39 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 40 Forecast Charge Cards Transactions 2017-2022
Table 41 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 42 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 43 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 44 Forecast Commercial Charge Cards Transactions 2017-2022
Table 45 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 46 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 47 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 48 Forecast Personal Charge Cards Transactions 2017-2022
Table 49 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 50 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

Inflation leads to an increase in the use of credit cards

Lifting the limits on credit card usage abroad

The economic situation limits the development of commercial credit cards

COMPETITIVE LANDSCAPE

Credit cards offer benefits in Egypt

National Bank of Egypt remains the leading issuer

Mastercard overtakes Visa in transaction value terms

CATEGORY DATA

Table 51 Credit Cards: Number of Cards in Circulation 2012-2017
Table 52 Credit Cards Transactions 2012-2017
Table 53 Credit Cards in Circulation: % Growth 2012-2017
Table 54 Credit Cards Transactions: % Growth 2012-2017
Table 55 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 56 Commercial Credit Cards Transactions 2012-2017
Table 57 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 58 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 59 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 60 Personal Credit Cards Transactions 2012-2017
Table 61 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 62 Personal Credit Cards Transactions: % Growth 2012-2017
Table 63 Credit Cards: Number of Cards by Issuer 2012-2016
Table 64 Credit Cards: Number of Cards by Operator 2012-2016
Table 65 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 66 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 67 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 68 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 69 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 70 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 71 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 72 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 73 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 74 Forecast Credit Cards Transactions 2017-2022
Table 75 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 76 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 77 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 78 Forecast Commercial Credit Cards Transactions 2017-2022
Table 79 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 80 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 81 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 82 Forecast Personal Credit Cards Transactions 2017-2022
Table 83 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 84 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

Replacing cash with financial cards

Positive impact of inflation

CBE lifts restrictions on the use of debit cards abroad

COMPETITIVE LANDSCAPE

Mastercard vs Visa

National Bank of Egypt leads debit cards

CATEGORY DATA

Table 85 Debit Cards: Number of Cards in Circulation 2012-2017
Table 86 Debit Cards Transactions 2012-2017
Table 87 Debit Cards in Circulation: % Growth 2012-2017
Table 88 Debit Cards Transactions: % Growth 2012-2017
Table 89 Debit Cards: Number of Cards by Issuer 2012-2016
Table 90 Debit Cards: Number of Cards by Operator 2012-2016
Table 91 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 92 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 93 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 94 Forecast Debit Cards Transactions 2017-2022
Table 95 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 96 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

The government urges the use of cards instead of cash

Unbanked consumers stimulate growth in pre-paid cards

Young consumers represent a new target audience for banks

COMPETITIVE LANDSCAPE

Government-owned banks dominate open loop pre-paid cards

Egypt Post enters the fray

Closed loop pre-paid cards experiences fluctuation

CATEGORY DATA

Table 97 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 98 Pre-paid Cards Transactions 2012-2017
Table 99 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 100 Pre-paid Cards Transactions: % Growth 2012-2017
Table 101 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 102 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 103 Open Loop Pre-paid Cards Transactions 2012-2017
Table 104 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 105 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 106 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 107 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 108 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 109 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 110 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 111 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 112 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 113 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 114 Forecast Pre-paid Cards Transactions 2017-2022
Table 115 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 116 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 117 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 118 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 119 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 120 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Megatrends

Country Report

Financial Cards and Payments in Egypt

New Report Guarantee

Executive Summary

New Report Guarantee

Financial cards develops healthily in Egypt

Central Bank of Egypt removes foreign currency limits on financial cards

Despite economic and social reforms, Egypt is still not a digital economy

Year of “superbanking” boosts financial cards

Regional and local banks lead retail banking

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Financial Cards and Payments in Egypt - Industry Overview

EXECUTIVE SUMMARY

Financial cards develops healthily in Egypt

Central Bank of Egypt removes foreign currency limits on financial cards

Despite economic and social reforms, Egypt is still not a digital economy

Year of “superbanking” boosts financial cards

Regional and local banks lead retail banking

MARKET INDICATORS

MARKET DATA

SOURCES

Charge Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

The disappearance of charge cards

Economic challenges hamper the performance of charge cards

High interest rates and annual fees weaken personal charge cards

COMPETITIVE LANDSCAPE

American Express is the sole operator of charge cards in Egypt

American Express revises its strategies

CATEGORY DATA

Credit Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

Inflation leads to an increase in the use of credit cards

Lifting the limits on credit card usage abroad

The economic situation limits the development of commercial credit cards

COMPETITIVE LANDSCAPE

Credit cards offer benefits in Egypt

National Bank of Egypt remains the leading issuer

Mastercard overtakes Visa in transaction value terms

CATEGORY DATA

Debit Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

Replacing cash with financial cards

Positive impact of inflation

CBE lifts restrictions on the use of debit cards abroad

COMPETITIVE LANDSCAPE

Mastercard vs Visa

National Bank of Egypt leads debit cards

CATEGORY DATA

Pre-Paid Cards in Egypt - Category analysis

HEADLINES

PROSPECTS

The government urges the use of cards instead of cash

Unbanked consumers stimulate growth in pre-paid cards

Young consumers represent a new target audience for banks

COMPETITIVE LANDSCAPE

Government-owned banks dominate open loop pre-paid cards

Egypt Post enters the fray

Closed loop pre-paid cards experiences fluctuation

CATEGORY DATA

Store Cards in Egypt - Category analysis

Prospects

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