Islamic Finance

Egypt sees 13.5m mobile wallets end-May: telco regulator


Published 04 Jul,2020 via Daily News Egypt - Egypt saw a total of 13.5 million users of electronic wallets for mobile phones at the end of May, according to the National Telecommunications Regulatory Authority (NTRA).

The divs were published in an NTRA report on indicators for mobile wallet use, where customers transfer money from one electronic wallet account to another. The report also showed that the mobile wallet users undertook a total of 4.8m electronic transactions per month at the end of May.

According to the report, deposits, cash withdrawals, and transfers were the top three most used services in these transactions by subscribers.

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tags:

Fintech
Electronic wallets