Egypt

A growing digital payments hub driving financial inclusion and innovation across Africa and the Middle East

Overview

Egypt’s payments sector is rapidly evolving under strong government leadership and Central Bank of Egypt (CBE) initiatives aimed at reducing cash dependency

With a young population and rising smartphone use, digital wallets, prepaid cards, and instant payments are gaining momentum

The national Meeza card network and InstaPay system are key milestones supporting Egypt’s vision of a cashless inclusive economy

Key Characteristics

Government backed drive to expand digital and financial inclusion

Rapid growth of mobile wallets and card based payments

Adoption of instant transfers through the InstaPay network

Expansion of QR based acceptance and e commerce payments

Supported Payment Methods

Meeza domestic card scheme

Mobile wallets provided by banks and telecom operators

Instant transfers via InstaPay

Cards Visa Mastercard and Meeza for local and cross border use

QR based and contactless merchant payments

Key Providers

National Bank of Egypt Banque Misr and CIB Egypt leading digital banking and wallet innovation

Meeza as the national card brand

Fintech and telecom led wallets such as Vodafone Cash Etisalat Cash and Orange Money increasing adoption

Regulation and Compliance

The Central Bank of Egypt (CBE) regulates and promotes the payments ecosystem through frameworks for fintech licensing open banking data security and consumer protection

Policies focus on interoperability between banks wallets and government systems

Want to know more about payments in Egypt?

Contact Bizz2Pay today to discuss your requirements or get introduced to the right Payment Provider covering the most popular payment methods offered in Egypt