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Financial Inclusion in Egypt Reaches 65 Percent in 2022
Source: Arab News
Financial inclusion is gaining prominence in Egypt as total ownership of transactional accounts reached 64.8 percent of the total 65.4 million eligible adult population at the end of 2022, reported the Central Bank of Egypt.
According to the central bank report, financial inclusion surged 147 percent between 2016 and 2022 to 42.3 million citizens who own and use transactional accounts such as Egypt Post accounts, mobile wallets and prepaid cards. The released indicators showed an upsurge in the number of women who own a transactional account, recording 18.3 million women by the end of 2022 — a 210 percent rise compared to 2016.
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