PROSPECTS AND OPPORTUNITIES
ADIB tipped as one to watch as “world’s safest Islamic bank”
Abu Dhabi Islamic Bank of Egypt (ADIB) is tipped as one to watch over the forecast period, being reported to have won a number of awards from major international financial institutions and named highly in rankings lists. For example, ADIB was cited as “the world’s safest Islamic bank” for the third consecutive year by the Global Finance Safest Bank rankings 2024.
Banque Misr issued a special foreign currency debit card
As debit card limitations continue to stay in place for foreign currency transactions, for both personal and commercial uses, state-owned Banque Misr created and launched a special USD card early in 2024. The new debit card is exclusively for USD accounts and is named Visa Platinum, enabling account holders to make purchases in USD within or outside of Egypt, with a monthly limit of USD20,000.
Mastercard partners with multiple banks in offering exclusive banking solutions
Mastercard has partnered with an array of banks to offer exclusive banking services and creative card solutions to its consumers. These include ADIB launching its World Debit MasterCard, a high-end card that provides its users access to luxurious travel, lifestyle, and insurance benefits, whilst being a contactless card and abiding by Islamic Sharia compliant benefits, and The National Bank of Kuwait announcing a new partnership with Mastercard fully focussed on offering its customers enhanced digital banking services and investing in financial innovation to further upgrade the bank’s digital experience.
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Overview:
Understand the latest market trends and future growth opportunities for the Debit Card Transactions industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Debit Card Transactions industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Debit Card Transactions in Egypt report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Debit Card Transactions in Egypt?
- What are the major trends key to understanding Debit Card Transactions in Egypt?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in Egypt - Category analysis
Charge Cards in Egypt - Company Profile
KEY DATA FINDINGS
Charge cards remain unpopular in Egypt, and this is unlikely to change
Credit Cards in Egypt - Category analysis
Credit Cards in Egypt - Company Profile
KEY DATA FINDINGS
Regulations change around the use of Egyptian credit cards abroad
Credit cards continue to attract consumers as a budget management solution
Banks tempt consumers with innovative credit cards offering perks
Egyptian banks hold the top of the Forbes Middle East list
Credit cards popular for e-commerce purchases
Sustainable banking and eco-friendly cards set to be key trends
Debit Cards in Egypt - Category analysis
Debit Cards in Egypt - Company Profile
KEY DATA FINDINGS
Debit cards continue to be limited to local usage only
Steady growth continues for debit cards in Egypt
Debit card value sales and ticket sizes on the rise
ADIB tipped as one to watch as “world’s safest Islamic bank”
Banque Misr issued a special foreign currency debit card
Mastercard partners with multiple banks in offering exclusive banking solutions
Pre-Paid Cards in Egypt - Category analysis
Pre-Paid Cards in Egypt - Company Profile
KEY DATA FINDINGS
The Ministry of Communications and Information Technology creates a digital transformation milestone
An upsurge in financial inclusion rates drives the growth of pre-paid cards
Cashless transactions are the future of payments in Egypt
New CBE decree exempts users from fees through the InstaPay app
New bill payments app set to revolutionise the industry
Fintechs are the ones to watch in pre-paid cards
Store Cards in Egypt - Category analysis
Store Cards in Egypt - Company Profile
Store cards not in use in Egypt, with few prospects for this to change
Financial Cards and Payments in Egypt - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Card limits and new banking regulations are set in line with growing demand for card usage
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Debit Card Transactions
- Commercial Debit Card Transactions
- Personal Debit Card Transactions
Debit Card Transactions
Debit cards merge the functionality of both an ATM card and direct payment from a bank account (a check substitute in some markets). A debit card allows the cardholder to receive cash and monitor account activity at an ATM machine, as well as pay for goods and services via a point-of-sale terminal. A debit card payment transaction involves the automatic withdrawal of funds from the cardholder’s demand deposit bank account (checking or giro). Since the funds are removed from a bank account, no interest is charged on payments. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Debit Card Transactions research and analysis database.
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