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Top 5 Egyptian banks account for more than 96% of POS, 69.48% of ATMs
The number of debit cards jumped to 17,562 million cards in June 2017, an increase of 5 million from December 2016
Foreign payments amounted to $226.7m at the end of March, $751.4m in the same period of 2016
The number of credit cards at banks operating in the Egyptian market increased to about 3.825m cards as of the end of June, compared to 3.28m cards in December 2015—an increase of 545,000 cards, according to the Central Bank of Egypt (CBE). The CBE said in a recent report that the number of debit cards …
We are owed €15m by the government, which impacts our financial results, says Gueblaoui
40% more credit cards, 36% more debit cards in use since 2010, according to CBE
Banks are lowering limits of different types of cards and reducing hard cash granted to its clients when traveling
Top five banks operate 97% of electronic points of sale and 63.7% of ATMs
16.242m debit cards issued by banks operating in Egyptian market until mid-2015 and 7,855 ATM serving customers
Around 20% of Egyptians perform their financial transactions electronically through credit cards
The easy-payment service, offered by several banks in Egypt for nearly six months, allows customers to pay bills and make purchases via mobile phones. It also offers anti-theft protection and time saving benefits on making payments.