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31.5mn bank cards in Egypt, CBE

Thursday 27 September 2018 02:45 PM

CBE
CBE



By Mahmoud Gamal
Deputy Governor, Ayman Hussein, estimated the number of bank card holders in Egypt at 31.5 million, including 16 million direct debit cards, 10.5 million prepaid cards and 5 million credit cards.

This came on the sidelines of a press conference held by SAP Solutions, yesterday.

According to a recent study by Moody's, each 10 percent increase in electronic payment channels in Egypt adds $ 1.5 billion to the country's national product, Hussein said.

 He pointed out that the market includes 39 banks with 2800 branches, 4,000 post offices, 11.600 thousand ATMs, 70,000 pos , 873 companies and a microfinance society serving 4 million clients with a total portfolio of between EGP 11 billion and EGP 13 billion.




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