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Egypt Country Report

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  • Published Date: November 2017

A comprehensive overview of the cards, payments and consumer banking market in Egypt.


  • Egypt has a large population of over 90 million, but just one in seven people have a bank account.
  • Despite the low levels of financial inclusion, the country's banking sector is highly competitive with a wide range of public sector banks, domestic commercial banks and foreign banks offering retail banking services.
  • The average debt per household of $558 at the end of 2016 is low by international standards. Personal loans account for around 90 per cent of household debt.
  • Card ownership and use are low owing to the small banked population. There was less than one card purchase per adult in 2016.
  • Egypt's credit cards market is expected to make a profit of approximately $23 million during 2017. This is despite a hike in interest rates (from 9.8 per cent in 2015 to 19.3 per cent in 2017).
  • Visa is the leading network in the Egyptian credit cards market, with a share of 62 per cent in terms of cards in issue and 53 per cent share in terms of billed volume in 2016.
  • Banks issue Visa- and Mastercard-branded debit cards in Egypt. Also, banks issue debit cards under the local 123 Network scheme, which can be used at ATMs and the POS, linked through the local switch.
  • Public-sector banks tend to target their credit card offerings at the lower-income segment of eligible customers while the commercial banks more often target the affluent segment.
  • CIB and AAIB are the significant acquirers in the Egyptian market: in terms of credit card acquired billed volume, their combined market share is estimated to reach 56 per cent in 2017.
  • The Egyptian e-commerce market is still in a nascent stage of development, due to the low level of computer literacy, poor telecommunications infrastructure, and weakened economic conditions.

Egypt Payments Research | Report Contents

Report Summary
The Economy
Retail Banking
Consumer Finance Market
Cards Market
Profit Pool
Pricing and Enhancements
The Networks: Credit Cards
The Networks: Debit Cards
Merchant Acquiring and Processing
Online Acquiring
Regulatory and Other Cards Market Information
Appendices: Data

Appendix I: Demographics

  • Population Metrics
  • Ownership of Key Consumer Goods
  • Internet Usage by Population

Appendix II: The Economy

  • Major Economic Indicators

Appendix III: Retail Banking

  • Major Retail Banking Indicators
  • Banking/Infrastructure Penetration
  • Retail Banks Key Metrics
  • Retail Banks Profit & Loss Metrics

Appendix IV: Consumer Finance Market

  • Consumer Credit Outstandings and Indebtedness
  • Consumer Credit Outstandings by Product

Appendix V: Cards Market

  • Credit Card Data Numbers
  • Total Credit Card Metrics
  • Consumer Credit Cards Metrics
  • Commercial Credit Cards Metrics
  • Credit Cards Profitability Indicators
  • Debit Card Numbers
  • Debit Cards Metrics

Appendix VI: E-money

  • Prepaid/e-money Cards Metrics

Appendix VII: Profit Pool

  • Profit Pool

Appendix VIII: Pricing and Enhancements

  • Card Pricing and Enhancements

Appendix IX: The Networks: Credit Cards

  • Networks' Credit Card Market Shares
  • Networks' Credit Card Data
  • Networks' Credit Card Billed Volume
  • Networks' Number of Credit Card Transactions
  • Networks' Average Credit Card Transaction Value
  • Credit Card Interchange Fees by Network

Appendix X: The Networks: Debit Cards

  • Networks' Debit Card Market Shares
  • Networks' Debit Card Numbers
  • Networks' Debit Card Billed Volume
  • Networks' Number of Debit card Transactions
  • Networks' Average Debit Card Transaction Value
  • Debit Card Interchange Fees by Network

Appendix XI: Issuers

  • Key Credit Card Issuers Market Shares by Credit Card Numbers
  • Key Issuers Market shares in Credit Card Outstandings
  • Key Debit Card Issuers Market Shares by Debit Card Numbers

Appendix XII: Merchant Acquiring and Processing

  • Merchant Acquirer Credit Card Market Share
  • Credit Card Merchant Service Charges
  • Merchant Acquirer Debit Card Market Share
  • Debit Card Merchant Service Charges
  • Credit Card Issuer Issuing Processor Relationships
  • Credit Card Acquirer Acquiring Processor Relationships
  • Credit Card Issuing Processor Market Shares by Card Numbers
  • Credit Card Acquiring Processor Market Shares by Number of POS Transactions

Appendix XIII: Online Acquiring

  • Online Merchant Acquirer Market Share


Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Africa. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and African finance experts.

See more Africa Country Reports or explore the full range of cards and payments reports available for 72 markets worldwide.

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