Phone shifts from calls to wallets

The article highlights the transformation of mobile phones in Egypt from merely communication tools to a key financial instrument. Mobile wallet users reached 46.3 million in the second quarter of 2025, representing a 29% increase compared to the previous year. The value of financial transactions conducted via these wallets also rose by 72%, reaching 943.4 billion Egyptian pounds, with the volume of transactions increasing by 80%. This development reflects the growing integration of technology and financial services and aims to expand financial inclusion and provide broader digital services to society.

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