Egypt Mobile Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Egypt Mobile Payments Market is Segmented by Type (Proximity Payment and Remote Payment). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Egypt Mobile Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Egypt Mobile Payments Market Size

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Egypt Mobile Payments Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 84.93 Billion
Market Size (2030) USD 184.31 Billion
CAGR (2025 - 2030) 16.76 %
Market Concentration Medium

Major Players

Egypt Mobile Payments Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Egypt Mobile Payments Market with other markets in Technology, Media and Telecom Industry

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Egypt Mobile Payments Market Analysis

The Egypt Mobile Payments Market size is estimated at USD 84.93 billion in 2025, and is expected to reach USD 184.31 billion by 2030, at a CAGR of 16.76% during the forecast period (2025-2030).

A mobile payment, also known as mobile money, mobile money transfer, or mobile wallet, is any of several payment processing services governed by financial rules and executed from or through a mobile device as the primary type of digital wallet.

  • Egypt collaborates with various worldwide payment solution companies to create the world's first "cashless city." To stimulate the development of its retail sector, the government was forced to invest in and increase the scope of mobile transactions.
  • The growing acceptance of sound wave-based mobile payments throughout the country will likely boost the market growth. Instead of using conventional technologies like banking apps, NFC, or card terminals, sound waves that hold encrypted information about the payments handle proper wave-based payment transactions.
  • Other significant causes include the rising importance of mobile devices, not just for POS shopping but also for mobile checkout, and the incorporation of P2P payments into messengers and social networks. High convenience and usefulness on mobile devices are becoming increasingly popular, particularly in mobile-first countries.
  • However, security worries about mobile payment options are expected to hamper industry expansion. The growing number of high-profile data breaches worldwide is projected to hinder the growth of the mobile payment industry over the forecast period. Customers prefer to make payments using debit or credit cards to avoid data leaks. Some consumers use debit or credit cards rather than make contactless payments.
  • The COVID-19 pandemic increased demand for remote, mobile payment services since most national banks shifted to digital channels to deliver customer services. Before the pandemic, Egyptians were more reliant on currency. However, the pandemic prompted a more significant than ever push toward cashless and mobile payments.

Egypt Mobile Payments Industry Overview

Egypt Mobile Payments is fragmented and is controlled by a few important businesses such as Mastercard, Visa, PayPal, and Samsung. Apple Inc., as well as some local investors, These market leaders are concentrating their efforts on growing their consumer base in overseas nations.

  • December 2023 - Basata launched new e-payment services to boost financial inclusion in Egypt. Basata aims to introduce several services that are set to revolutionize the financial payments sector and enhance its strategic plan to expand its customer base and achieve financial inclusion.
  • March 2023 - XPay and Fawry announced an integrated partnership to provide the 'FawryPay Reference code' and cash-out services to 'XPay' customers and merchants in the Egyptian market, and 'XPay' will provide its customers and merchants with the latest types of electronic payment methods in order help enhance their quality of life and make it easier for them the process of managing their financial transactions.

Egypt Mobile Payments Market Leaders

  1. Paypal Holdings Inc.

  2. Samsung Corporation

  3. Apple Inc

  4. Google LLC (Alphabet Inc.)

  5. Amazon.com Inc

  6. *Disclaimer: Major Players sorted in no particular order
Egypt Mobile Payments Market Concentration
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Egypt Mobile Payments Market News

  • April 2023: PayPal Holdings, Inc announced the addition of its New Features to Its Complete Payments Solution for small businesses. PayPal will also give small businesses access to four new features to help them drive payment acceptance and enhance how they run their business. This will include Apple Pay as a checkout option2, the ability for customers to save payment methods with the PayPal vault for faster future checkout, and a real-time account updater to help customers keep their payment methods up to date.
  • February 2023: Fawry provided FawryPay reference code service to My Fatoorah customers and merchants in the Egyptian market as increasing demand in the Egyptian market among users towards electronic payment solutions and options, where Fatoorah offers a wide range of electronic payment solutions at the regional level, which in turn are expected to enrich the payments market with many advanced services and technologies in terms of digital payment solutions.

Egypt Mobile Payments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Sizing and Estimates of Egypt Mobile Payments Market
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of COVID-19 Impact on the market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Internet Penetration and Growing E-commerce Market
    • 5.1.2 Increasing Number of Loyalty Benefits in Mobile Environment
  • 5.2 Market Challenges
    • 5.2.1 Security Issues Associated with Mobile Payments
  • 5.3 Market Opportunities
  • 5.4 Analysis on Enabling Technologies (Coverage to include NFC, QR, etc.)
  • 5.5 Key Regulations and Standards in the Mobile Payments Industry

6. MARKET SEGMENTATION

  • 6.1 By Type (Market share in percentage based on relative adoption)
    • 6.1.1 Proximity
    • 6.1.2 Remote

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Paypal Holdings Inc.
    • 7.1.2 Samsung Corporation
    • 7.1.3 Apple Inc
    • 7.1.4 Google LLC (Alphabet Inc.)
    • 7.1.5 Amazon.com Inc.
    • 7.1.6 American Express Co.
    • 7.1.7 myFawry
    • 7.1.8 Vodafone Cash
    • 7.1.9 Orange Cash
    • 7.1.10 Elasitat Cash
    • 7.1.11 Careem PAY
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Egypt Mobile Payments Industry Segmentation

A mobile payment is a cash payment made for a product or service using a portable electronic device such as a smartphone, and technology can also be used to send money to friends or family members, among other things.

The Egypt mobile payments market is segmented by type (proximity payment and remote payment). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type (Market share in percentage based on relative adoption) Proximity
Remote
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Egypt Mobile Payments Market Research FAQs

How big is the Egypt Mobile Payments Market?

The Egypt Mobile Payments Market size is expected to reach USD 84.93 billion in 2025 and grow at a CAGR of 16.76% to reach USD 184.31 billion by 2030.

What is the current Egypt Mobile Payments Market size?

In 2025, the Egypt Mobile Payments Market size is expected to reach USD 84.93 billion.

Who are the key players in Egypt Mobile Payments Market?

Paypal Holdings Inc., Samsung Corporation, Apple Inc, Google LLC (Alphabet Inc.) and Amazon.com Inc are the major companies operating in the Egypt Mobile Payments Market.

What years does this Egypt Mobile Payments Market cover, and what was the market size in 2024?

In 2024, the Egypt Mobile Payments Market size was estimated at USD 70.70 billion. The report covers the Egypt Mobile Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Egypt Mobile Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Egypt Mobile Payments Industry Report

Statistics for the 2025 Egypt Mobile Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Mobile Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.