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اليوم السابع
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Communication Authority Reports Rise in E-wallet Use
A report has been published by the National Telecom Regulatory Authority regarding a significant increase in the use of electronic wallets in Egypt. The authority's spokesperson explained that electronic wallets, which function as virtual bank accounts, play an important role in the financial inclusion strategy and reducing dependence on cash. Data showed a noticeable rise in the number of wallets, transaction volume, and the value of money exchanged, reflecting a growing public interest and increasing reliance on technology for money transfers and government services. This surge is part of the government's efforts to promote digital transformation and achieve financial sustainability.
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