Payment by card
- Local credit and debit cards capture more than 20% of the total eCommerce sales. There are 25 million issued cards in the country, of which 75% are debit, 20% credit, and 5% prepaid.
- Local actor :
- Meeza
Payment by cash payments
- Egypt eCommerce is heavily based on cash payments, with high conversion of 64% of the total sales. Payment methods like Fawry, Mumkin, and Aman are quite popular among shoppers. These let people pay cash for ecommerce purchases via a nationwide network of local service points at banks, post offices, and retailers.
- With local actors such as:
- Easycash
- Fawry
- Aman
Payment by installment and BNPL
- The BNPL competitive landscape has become a battleground with several heavyweights and newcomers fighting for market share. BNPL payments in Egypt are expected to grow by 132.8% on annual basis to reach US$ 434.7 million in 2022.
- With local actors such as:
- Sympl
- ValU
- Khazna
- Fawry
- mnt | Halan
- Shahry
Payment by digital wallet and X-Pay
- Mobile wallets in Egypt increased by 27% year-on-year to 25 million in 2021, according to the Financial Regulatory Authority (FRA). The total transactions conducted by mobile wallets surged by 160% y-o-y to EGP 233bn.
- With local actors such as:
- Fawry
- SmartWallet
- Etisalat cash
Payment methods in Egypt interesting you?
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