Vodafone Cash retained its leading position in the electronic wallet market operated by telecommunications companies in Egypt during the first half of 2026, according to the latest report issued by the National Telecom Regulatory Authority on electronic wallet usage indicators between January and June. The service led the market in terms of the number of wallets, user activity, the number of transactions, and their financial value.
The total number of electronic wallets operated by telecommunications companies reached 57.01 million nationwide. Vodafone Cash accounted for 53% of this total, compared with 23% for Etisalat Cash, 20% for Orange Cash, and 4% for WE Pay.
The gap widens when active wallets are considered: Vodafone Cash’s share reached 57%, compared with 24% for Etisalat Cash, 17% for Orange Cash, and 2% for WE Pay. These percentages show that the service’s lead is not linked solely to the number of registered wallets, but is also reflected in the activity indicator presented in the report.
The Lead Extends to Usage and Value
Vodafone Cash accounted for 69% of the total number of financial transactions conducted through telecommunications companies’ wallets during the period, while Etisalat Cash held a 20% share, Orange Cash 10%, and WE Pay 1%. In terms of financial value, Vodafone Cash’s share rose to 77%, compared with 14% for Etisalat Cash, 8% for Orange Cash, and 1% for WE Pay.
Meanwhile, the electronic wallet market as a whole grew compared with the first half of 2025. The number of wallets rose by 23%, from 46.33 million to 57.01 million wallets, while the number of transactions increased by 62% to 2.22 billion transactions, compared with 1.37 billion transactions. The total value of transactions also rose by 56% to EGP 2.96 trillion, compared with EGP 1.90 trillion in the comparable period.
What Do Transaction Patterns Reveal?
Transfers between wallets accounted for 54% of the total number of transactions, followed by mobile phone and internet top-ups at 25%, deposits at 13%, withdrawals at 4%, and other payments at 4%. The last category includes donations, utility bill payments, and shopping.
When measured by value, transfers between wallets represented 67% of the total, compared with 17% for deposits, 12% for withdrawals, 3% for other payments, and 1% for top-ups.
Why Does This News Matter?
The data confirms that electronic wallets have become a primary channel for digital payments in Egypt, with clear growth in the number of users or registered wallets, as well as in transaction frequency and value. Vodafone Cash’s share also reveals significant market concentration around a single provider, while the report, according to the available information, does not explain the reasons for this disparity or provide detailed figures on value per user.
The expansion in usage is linked to the increase in services available through wallets, including government payment services, topping up prepaid electricity cards using NFC technology, and checking and paying for prosecution services electronically. These figures remain a description of market performance over half a year; alone, they are insufficient to assess profitability, service quality, or user retention rates.