Egypt Cards and Payments Market Report: Trends, Growth and Forecast (2026-2032)
By Instrument Type (Cards (Debit Card, Charge Card, ATM Card, Pre-Paid Card, Credit Card, Store Card), Mobile Wallets, Cheques, Others), By Card Type (Contact Smart Card, Contactless Smart Card, Non-Smart Card), By Type of Payments (B2B, B2C, C2C, C2B (E-commerce Shopping, Payment at POS Terminals)), By Transaction Type (Domestic, Foreign), By Application (Food & Groceries, Health & Pharmacies, Travel & Tourism, Hospitality, Others (Media & Entertainment))
- ICT
- Nov 2025
- VI0333
- 110
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Egypt Cards and Payments Market Statistics and Insights, 2026
- Market Size Statistics
- Cards and Payments in Egypt is estimated at $ 196.51 Billion.
- The market size is expected to grow to $ 266.33 Billion by 2032.
- Market to register a CAGR of around 4.44% during 2026-32.
- Instrument Type Shares
- Cards grabbed market share of 95%.
- Cards to witness a volume CAGR of around 9.17%.
- Competition
- More than 10 companies are actively engaged in producing Cards and Payments in Egypt.
- Top 5 companies acquired 15% of the market share.
- QNB ALAHLI Life Co, Crédit Agricole Egypt, HSBC Bank Egypt SAE, National Bank of Egypt, Bank Misr etc., are few of the top companies.
- Card Type
- Contact Smart Card grabbed 90% of the market.
Egypt Cards and Payments Market Outlook
The Egypt cards and payment market, worth USD 196.51 billion, is expected to grow robustly to approximately USD 266.33 billion by 2032, driven by a volume CAGR of 9.17%. The growth will be fueled by increased financial inclusion, continued economic reforms, and the increasing use of digital payments as a substitute for cash. Government initiatives to digitize key services and increase banking access are also building the foundations for future market development.
end users demand for cards will also become more robust, with issuers launching custom-designed solutions to entice particular end user segments. Banks, for example, are launching products such as the women's Heya card and the e-commerce Noon credit card, both with various rewards and services. These kinds of innovation are meant to promote use, while digital banking and m-commerce continue to drive card penetration.
The Central Bank of Egypt (CBE) will continue to play its central role in shaping the market, with enhancements to liquidity through reforms, relaxing limits on foreign currency card usage, and financial stability support. Banks are also enjoying firmer ground, with greater credit facilities provided to end users. Meanwhile, the move towards "green" finance will further boost sustainability, including away from plastic cards towards digital options and wallets.
By 2032, smart cards for contact will continue to dominate the market, currently contributing 90%, through convenience and security. As internet penetration increases, with a supportive regulatory drive and embedding sustainable banking practices, Egypt payment and cards sector is poised to grow substantially while evolving into a more digital and green system.
Egypt Cards and Payments Market Growth Driver
Government and Central Bank Support for Financial Inclusion
The Central Bank of Egypt, in close coordination with the government, is actively promoting financial inclusion by way of regulatory changes and wider banking services. In relaxing foreign currency transaction restrictions and re-opening credit card usage outside the country, the Central Bank is enhancing end user confidence and enhancing liquidity in the market. These steps bring financial cards to play a wider role in daily transactions.
Meanwhile, the Central Bank keeps stimulating growth by opening credit facilities and inviting banks to widen their services' structures. Such institutional support provides end users with better access to financial services while banks gain from a more stable and supportive environment. These policies collectively provide a solid basis for sustained growth in the use of financial cards and payments in Egypt.
Egypt Cards and Payments Market Trend
Growing Focus on Personalised and Lifestyle-Oriented Cards
Egypt banks are increasingly targeting their card products towards individualised and niche offerings to match end user lifestyles and preferences. Issuers are stepping beyond basic payment utility with added value through customised benefits and perks. For instance, Commercial International Bank (CIB) provides the Heya card, specifically for women, offering them unique discounts of up to 40% at certain merchants, extra reward points, life cover insurance, and even airport lounge privileges. These aspects reflect how banks are addressing the offerings to target specific end user segments.
Equally, CIB's Noon credit card is Egypt first e-commerce card that offers end users a variety of rewards and special deals tailored to digital purchasing behavior. By selling products for niche purposes, banks are establishing deeper relationships with end users, developing loyalty, and distinguishing themselves in a highly competitive market for cards and payments.
Egypt Cards and Payments Market Opportunity
Acceleration Toward a Cashless Society Through Digitalisation of Services
Egypt is experiencing robust advancement in financial inclusion due to the speedy rise in internet penetration, digital products, e-commerce, and m-commerce. This context is presenting a significant opportunity for cards and digital wallets to become the focal point of everyday life, diminishing the use of cash. With increasing citizens being provided access to banking services and adopting digital alternatives, financial cards and wallets are poised to become part of everyday transactions, from retail to travel and bill settlement.
Simultaneously, the trend towards sustainable and "green" finance is underpinning this transition. Banks are more and more embracing digital-first approaches, aided by new rules encouraging sustainability and curbing plastic card usage. Coupled with the expansion of mobile commerce apps, these trends point towards an unmistakable trend towards a cashless society, where digital wallets and payments become an organic part of Egypt financial landscape
Egypt Cards and Payments Market Segmentation Analysis
By Instrument Type
- Cards
- Mobile Wallets
- Cheques
- Others
The largest market share under the Instrument Type is Cards, which accounted for approximately 95% of the market. This commanding lead is backed by Egypt increasing financial inclusion, end user demand growth, and facilitation by the Central Bank of Egypt. The move away from cash is also driven by the digitisation of critical and public services, which is promoting increased adoption of financial cards.
Cards are also expected to see a strong volume CAGR of close to 9.17%, testifying to their significance in day-to-day transactions. With innovative products such as women's cards and e-commerce products, banks are becoming more ubiquitous and reaching out to various end user segments. Combined with positive regulations and increased internet penetration, cards are set to be the leading payment medium throughout the forecast period.
By Card Type
- Contact Smart Card
- Contactless Smart Card
- Non-Smart Card
The most dominant segment under the Card Type is Contact Smart Card with a market share of about 90%. This leadership demonstrates the general end user turn towards quicker and more secure card payments in Egypt. The trend is also reinforced by banking service optimisation, continued urbanisation, and local banks embracing sophisticated technologies.
Contact smart cards are likely to sustain this advantage as end users increasingly appreciate convenience, speed, and electronic integration in financial payments. As banks launch a range of cards that provide benefits, loyalty rewards, and insurance cover, the use of contact-based smart solutions remains on the rise. The growth in the usage of e-commerce and m-commerce also consolidates this sector, as contact smart cards fit with Egypt shift toward a cashless and more electronic society.
Top Companies in Egypt Cards and Payments Market
The top companies operating in the market include QNB ALAHLI Life Co, Crédit Agricole Egypt, HSBC Bank Egypt SAE, National Bank of Egypt, Bank Misr, Commercial International Bank, Banque du Caire, Faisal Islamic Bank of Egypt, Citibank Egypt, etc., are the top players operating in the Egypt Cards and Payments Market.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. Egypt Cards and Payments Market Policies, Regulations, and Standards
4. Egypt Cards and Payments Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. Egypt Cards and Payments Market Statistics, 2022-2032F
5.1. Market Size & Growth Outlook
5.1.1. By Revenues in US$ Million
5.2. Market Segmentation & Growth Outlook
5.2.1. By Instrument Type
5.2.1.1. Cards- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1. Debit Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2. Charge Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3. ATM Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4. Pre-Paid Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.5. Credit Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.6. Store Card- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2. Mobile Wallets- Market Insights and Forecast 2022-2032, USD Million
5.2.1.3. Cheques- Market Insights and Forecast 2022-2032, USD Million
5.2.1.4. Others- Market Insights and Forecast 2022-2032, USD Million
5.2.2. By Card Type
5.2.2.1. Contact Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.2.2. Contactless Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.2.3. Non-Smart Card- Market Insights and Forecast 2022-2032, USD Million
5.2.3. By Type of Payments
5.2.3.1. B2B- Market Insights and Forecast 2022-2032, USD Million
5.2.3.2. B2C- Market Insights and Forecast 2022-2032, USD Million
5.2.3.3. C2C- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4. C2B- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4.1. E-commerce Shopping- Market Insights and Forecast 2022-2032, USD Million
5.2.3.4.2. Payment at POS Terminals- Market Insights and Forecast 2022-2032, USD Million
5.2.4. By Transaction Type
5.2.4.1. Domestic- Market Insights and Forecast 2022-2032, USD Million
5.2.4.2. Foreign- Market Insights and Forecast 2022-2032, USD Million
5.2.5. By Application
5.2.5.1. Food & Groceries- Market Insights and Forecast 2022-2032, USD Million
5.2.5.2. Health & Pharmacies- Market Insights and Forecast 2022-2032, USD Million
5.2.5.3. Travel & Tourism- Market Insights and Forecast 2022-2032, USD Million
5.2.5.4. Hospitality- Market Insights and Forecast 2022-2032, USD Million
5.2.5.5. Others (Media & Entertainment)- Market Insights and Forecast 2022-2032, USD Million
5.2.6. By Competitors
5.2.6.1. Competition Characteristics
5.2.6.2. Market Share & Analysis
6. Egypt Cards Market Statistics, 2022-2032F
6.1. Market Size & Growth Outlook
6.1.1. By Revenues in US$ Million
6.2. Market Segmentation & Growth Outlook
6.2.1. By Card Type- Market Insights and Forecast 2022-2032, USD Million
6.2.2. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
6.2.3. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
6.2.4. By Application- Market Insights and Forecast 2022-2032, USD Million
7. Egypt Mobile Wallets Market Statistics, 2022-2032F
7.1. Market Size & Growth Outlook
7.1.1. By Revenues in US$ Million
7.2. Market Segmentation & Growth Outlook
7.2.1. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
7.2.2. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
7.2.3. By Application- Market Insights and Forecast 2022-2032, USD Million
8. Egypt Cheques Market Statistics, 2022-2032F
8.1. Market Size & Growth Outlook
8.1.1. By Revenues in US$ Million
8.2. Market Segmentation & Growth Outlook
8.2.1. By Type of Payments- Market Insights and Forecast 2022-2032, USD Million
8.2.2. By Transaction Type- Market Insights and Forecast 2022-2032, USD Million
8.2.3. By Application- Market Insights and Forecast 2022-2032, USD Million
9. Competitive Outlook
9.1. Company Profiles
9.1.1. National Bank of Egypt
9.1.1.1. Business Description
9.1.1.2. Product Portfolio
9.1.1.3. Collaborations & Alliances
9.1.1.4. Recent Developments
9.1.1.5. Financial Details
9.1.1.6. Others
9.1.2. Bank Misr
9.1.2.1. Business Description
9.1.2.2. Product Portfolio
9.1.2.3. Collaborations & Alliances
9.1.2.4. Recent Developments
9.1.2.5. Financial Details
9.1.2.6. Others
9.1.3. Commercial International Bank
9.1.3.1. Business Description
9.1.3.2. Product Portfolio
9.1.3.3. Collaborations & Alliances
9.1.3.4. Recent Developments
9.1.3.5. Financial Details
9.1.3.6. Others
9.1.4. Banque du Caire
9.1.4.1. Business Description
9.1.4.2. Product Portfolio
9.1.4.3. Collaborations & Alliances
9.1.4.4. Recent Developments
9.1.4.5. Financial Details
9.1.4.6. Others
9.1.5. Faisal Islamic Bank of Egypt
9.1.5.1. Business Description
9.1.5.2. Product Portfolio
9.1.5.3. Collaborations & Alliances
9.1.5.4. Recent Developments
9.1.5.5. Financial Details
9.1.5.6. Others
9.1.6. QNB ALAHLI Life Co
9.1.6.1. Business Description
9.1.6.2. Product Portfolio
9.1.6.3. Collaborations & Alliances
9.1.6.4. Recent Developments
9.1.6.5. Financial Details
9.1.6.6. Others
9.1.7. Crédit Agricole Egypt
9.1.7.1. Business Description
9.1.7.2. Product Portfolio
9.1.7.3. Collaborations & Alliances
9.1.7.4. Recent Developments
9.1.7.5. Financial Details
9.1.7.6. Others
9.1.8. HSBC Bank Egypt SAE
9.1.8.1. Business Description
9.1.8.2. Product Portfolio
9.1.8.3. Collaborations & Alliances
9.1.8.4. Recent Developments
9.1.8.5. Financial Details
9.1.8.6. Others
9.1.9. Citibank Egypt
9.1.9.1. Business Description
9.1.9.2. Product Portfolio
9.1.9.3. Collaborations & Alliances
9.1.9.4. Recent Developments
9.1.9.5. Financial Details
9.1.9.6. Others
10. Disclaimer
| Segment | Sub-Segment |
|---|---|
| By Instrument Type |
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| By Card Type |
|
| By Type of Payments |
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| By Transaction Type |
|
| By Application |
|
Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
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