79% of citizens hold active transaction accounts

Financial inclusion rates in Egypt rose to 79% by the end of June 2026, with 56.4 million citizens out of a total of 71.4 million aged 15 and above holding active accounts. These accounts include bank accounts, postal accounts, mobile wallets, and prepaid cards, supported by efforts from the Central Bank and the financial sector. The participation of women saw a significant increase from 19.1% in 2016 to 72.5% in 2026. There was also notable progress in empowering youth, with their participation rising from 36.3% in 2020 to 58% in 2026, as a result of targeted programs aimed at promoting economic empowerment and expanding the beneficiary base. The Financial Inclusion Strategy 2022-2025 aligns with the country's efforts to effectively increase the use of financial services, complemented by a national plan extending until 2030 to support digital transformation, foster public-private partnerships, and develop the informal economy. The goal is to include all segments of society and facilitate access to financial products, thereby enhancing sustainable economic growth.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article