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Country Report

Financial Cards and Payments in

Financial Cards and Payments in Egypt

Oct 2020

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Executive Summary

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COVID-19 impact on consumer payments

Patterns of consumer behaviour in Egypt changed during the near two months in lockdown in the first half of 2020, with social distancing rules driving up demand for digital banking services across Egypt. Institutions, including the Arab African International Bank, Banque Misr, National Bank of Egypt and BLOM Bank, have all increased their electronic service capabilities since March.

COVID-19 country impact

Lockdown in Egypt started on 25 March, including a nightly curfew, with all borders closed and flights suspended. Grocery retailers and pharmacies operated throughout the lockdown, with delivery services also available.

Banks allow a 6-month postponement of credit card and loan repayments during the pandemic

Due to the pandemic, it was possible to postpone all credit card and loan repayments for six months, applying the prevailing interest rate on the postponed payment amounts and without any late fee charges on these amounts. However, loanees were still free to make their normal repayments if they wanted to, through ATMs, mobile bank applications or online banking services as well as in branches.

Egyptian banking industry in a good place at the end of 2019

According to figures from research conducted by Daily News Egypt into the results of the annual activities of the banks operating in the Egyptian market, 11 banks recorded net profits, amounting to a combined total of about EGP36.9 billion in 2019.

Central Bank of Egypt issues new regulations for the COVID-19 pandemic

The Central Bank of Egypt has increased the limit on electronic payments via mobile phones to EGP30,000 per day and EGP100,000 per month for individuals, and to EGP40,000 per day and EGP200,000 per week for businesses. The Central Bank of Egypt also sent directives to banks telling them to make online accounts available to clients that are accessible through mobile phones, using clients’ registered data.

What next for consumer payments?

The forecast period is expected to see growth in online banking and digitalisation of services. This means that paying for goods in Egypt should potentially get a lot faster.

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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

COVID-19 impact on consumer payments

COVID-19 country impact

Banks allow a 6-month postponement of credit card and loan repayments during the pandemic

Egyptian banking industry in a good place at the end of 2019

Central Bank of Egypt issues new regulations for the COVID-19 pandemic

What next for consumer payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2015-2020
Table 2 Number of ATMs: Units 2015-2020
Table 3 Value Lost to Fraud 2015-2020
Table 4 Card Expenditure by Location 2020
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 6 Domestic versus Foreign Spend 2020

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 8 Financial Cards by Category: Number of Accounts 2015-2020
Table 9 Financial Cards Transactions by Category: Value 2015-2020
Table 10 Financial Cards by Category: Number of Transactions 2015-2020
Table 11 Consumer Payments by Category: Value 2015-2020
Table 12 Consumer Payments by Category: Number of Transactions 2015-2020
Table 13 M-Commerce by Category: Value 2015-2020
Table 14 M-Commerce by Category: % Value Growth 2015-2020
Table 15 Financial Cards: Number of Cards by Issuer 2015-2019
Table 16 Financial Cards: Number of Cards by Operator 2015-2019
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 23 Forecast Consumer Payments by Category: Value 2020-2025
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 25 Forecast M-Commerce by Category: Value 2020-2025
Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Summary 1 Research Sources

Charge Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Charge cards remain highly unpopular in Egypt

Loyalty programme cards continue to dominate this category

RECOVERY AND OPPORTUNITIES

Charge cards expected to continue to decline in Egypt

American Express remains the sole charge card operator in Egypt

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2015-2020
Table 28 Charge Cards Transactions 2015-2020
Table 29 Charge Cards in Circulation: % Growth 2015-2020
Table 30 Charge Cards Transactions: % Growth 2015-2020
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 32 Commercial Charge Cards Transactions 2015-2020
Table 33 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 34 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 35 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 36 Personal Charge Cards Transactions 2015-2020
Table 37 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 38 Personal Charge Cards Transactions: % Growth 2015-2020
Table 39 Charge Cards: Number of Cards by Issuer 2015-2019
Table 40 Charge Cards: Number of Cards by Operator 2015-2019
Table 41 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 42 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 43 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 44 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 45 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 46 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 47 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 48 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 49 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 50 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 51 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 52 Forecast Charge Cards Transactions 2020-2025
Table 53 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 54 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 55 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 56 Forecast Commercial Charge Cards Transactions 2020-2025
Table 57 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 58 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
Table 59 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 60 Forecast Personal Charge Cards Transactions 2020-2025
Table 61 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 62 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Banking industry continues to hold a strong position in Egypt with growing usage of credit cards

Government-enforced 6-month delay to credit card repayments

2019 overall performance for top banks in Egypt

RECOVERY AND OPPORTUNITIES

The future of FinTech in Egypt

Mastercard says digital payments are changing the way Egyptians spend

CATEGORY DATA

Table 63 Credit Cards: Number of Cards in Circulation 2015-2020
Table 64 Credit Cards Transactions 2015-2020
Table 65 Credit Cards in Circulation: % Growth 2015-2020
Table 66 Credit Cards Transactions: % Growth 2015-2020
Table 67 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 68 Commercial Credit Cards Transactions 2015-2020
Table 69 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 70 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 71 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 72 Personal Credit Cards Transactions 2015-2020
Table 73 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 74 Personal Credit Cards Transactions: % Growth 2015-2020
Table 75 Credit Cards: Number of Cards by Issuer 2015-2019
Table 76 Credit Cards: Number of Cards by Operator 2015-2019
Table 77 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 78 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 79 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 80 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 81 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 82 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 83 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 84 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 85 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 86 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 87 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 88 Forecast Credit Cards Transactions 2020-2025
Table 89 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 90 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 91 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 92 Forecast Commercial Credit Cards Transactions 2020-2025
Table 93 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 94 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 95 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 96 Forecast Personal Credit Cards Transactions 2020-2025
Table 97 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 98 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Egypt - Category analysis

KEY DATA FINDINGS

Lockdown boosts digital banking usage

Banks in Egypt record strong performances in 2019

Banks issue over 40 million e-payment debit cards in Egypt by the end of 2019

RECOVERY AND OPPORTUNITIES

Contactless payments – the future of banking in Egypt

Blom Bank leads with innovation and change

The future of banking in Egypt

CATEGORY DATA

Table 99 Debit Cards: Number of Cards in Circulation 2015-2020
Table 100 Debit Cards Transactions 2015-2020
Table 101 Debit Cards in Circulation: % Growth 2015-2020
Table 102 Debit Cards Transactions: % Growth 2015-2020
Table 103 Debit Cards: Number of Cards by Issuer 2015-2019
Table 104 Debit Cards: Number of Cards by Operator 2015-2019
Table 105 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 106 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 107 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 108 Forecast Debit Cards Transactions 2020-2025
Table 109 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 110 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Pre-paid cards continue to record dynamic growth in 2020

Government prepares to link the Farmer’s Card with MEEZA e-payment services

RECOVERY AND OPPORTUNITIES

National Bank of Egypt attracts two million subscribers to its Meeza card service

National Bank of Egypt and Bank Misr the leading issuers, Visa the leading operator

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 112 Pre-paid Cards Transactions 2015-2020
Table 113 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 114 Pre-paid Cards Transactions: % Growth 2015-2020
Table 115 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 117 Open Loop Pre-paid Cards Transactions 2015-2020
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 119 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 120 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 121 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 122 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 132 Forecast Pre-paid Cards Transactions 2020-2025
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Megatrends

Country Report

Financial Cards and Payments in Egypt

New Report Guarantee

Executive Summary

New Report Guarantee

COVID-19 impact on consumer payments

COVID-19 country impact

Banks allow a 6-month postponement of credit card and loan repayments during the pandemic

Egyptian banking industry in a good place at the end of 2019

Central Bank of Egypt issues new regulations for the COVID-19 pandemic

What next for consumer payments?

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

COVID-19 impact on consumer payments

COVID-19 country impact

Banks allow a 6-month postponement of credit card and loan repayments during the pandemic

Egyptian banking industry in a good place at the end of 2019

Central Bank of Egypt issues new regulations for the COVID-19 pandemic

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Charge Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Charge cards remain highly unpopular in Egypt

Loyalty programme cards continue to dominate this category

RECOVERY AND OPPORTUNITIES

Charge cards expected to continue to decline in Egypt

American Express remains the sole charge card operator in Egypt

CATEGORY DATA

Credit Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Banking industry continues to hold a strong position in Egypt with growing usage of credit cards

Government-enforced 6-month delay to credit card repayments

2019 overall performance for top banks in Egypt

RECOVERY AND OPPORTUNITIES

The future of FinTech in Egypt

Mastercard says digital payments are changing the way Egyptians spend

CATEGORY DATA

Debit Cards in Egypt - Category analysis

KEY DATA FINDINGS

Lockdown boosts digital banking usage

Banks in Egypt record strong performances in 2019

Banks issue over 40 million e-payment debit cards in Egypt by the end of 2019

RECOVERY AND OPPORTUNITIES

Contactless payments – the future of banking in Egypt

Blom Bank leads with innovation and change

The future of banking in Egypt

CATEGORY DATA

Pre-Paid Cards in Egypt - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Pre-paid cards continue to record dynamic growth in 2020

Government prepares to link the Farmer’s Card with MEEZA e-payment services

RECOVERY AND OPPORTUNITIES

National Bank of Egypt attracts two million subscribers to its Meeza card service

National Bank of Egypt and Bank Misr the leading issuers, Visa the leading operator

CATEGORY DATA

Store Cards in Egypt - Category analysis

2020 IMPACT

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