Vodafone Cash Dominates Egypt’s Mobile Wallet Market, Handling 77% of Transaction Value
Vodafone Cash has strengthened its lead in Egypt’s mobile-wallet market, accounting for 77% of the total value of transactions carried out through telecom-operated wallets during the first half of 2026.
The latest figures from Egypt’s National Telecom Regulatory Authority (NTRA) show that Vodafone Cash’s position is considerably stronger when measured by actual usage than by the number of wallets it holds.
Vodafone Cash represents 53% of all registered mobile wallets in Egypt, but its share rises to 57% of active wallets, 69% of all financial transactions and 77% of total transaction value.
That gap suggests Vodafone Cash users are not only more numerous, but also more active and responsible for a larger share of the money moving through the mobile-wallet ecosystem.
More than half the market — and an even bigger share of activity
Egypt had 57.01 million mobile wallets by the end of the first half of 2026.
Vodafone Cash held the largest share at 53%, followed by e& cash with 23%, Orange Cash with 20% and WE Pay with 4%.
But the market picture changes when inactive or lightly used wallets are stripped out.
Vodafone Cash accounted for 57% of active wallets, while e& cash stood at 24%, Orange Cash at 17% and WE Pay at 2%.
The difference becomes even more pronounced when transaction activity is measured.
Vodafone Cash handled 69% of the 2.22 billion transactions carried out across all telecom wallets during the six-month period.
Its share of transaction value was higher still at 77% of the EGP 2.96 trillion processed across the market.
Vodafone Cash’s lead is bigger in money than in wallet numbers
The most important detail in the NTRA figures is not Vodafone Cash’s 53% share of registered wallets, but the much larger proportion of value it handles.
A provider can lead in wallet numbers because of a large customer base, but a 77% share of total transaction value indicates a much deeper level of usage.
In practical terms, Vodafone Cash controls just over half of registered wallets, but processes more than three-quarters of the money moving through telecom wallets.
That points to a customer base that is using the service more intensively for transfers, deposits, withdrawals and payments.
Rivals remain well behind on transaction value
e& cash ranked second in the market, with 23% of registered wallets, 24% of active wallets, 20% of transactions and 14% of transaction value.
Orange Cash held 20% of registered wallets, but its share fell to 17% of active wallets, 10% of transactions and 8% of transaction value.
WE Pay remained the smallest of the four services, accounting for 4% of registered wallets, 2% of active wallets and just 1% of both transaction numbers and value.
The figures underline how concentrated Egypt’s mobile-wallet market has become around Vodafone Cash when actual financial activity is considered rather than simply the number of accounts.
The market itself is accelerating
Vodafone’s lead comes as mobile-wallet usage across Egypt is expanding rapidly.
The number of transactions across telecom wallets increased 62% year-on-year, from 1.37 billion in the first half of 2025 to 2.22 billion in the corresponding period of 2026.
Transaction value rose 56%, from EGP 1.90 trillion to EGP 2.96 trillion, while the number of wallets increased by a more moderate 23%.
The comparison shows that the market is entering a phase where usage is growing faster than account creation.
For Vodafone Cash, that trend is especially significant.
Its dominant share of both transaction numbers and value suggests the service is benefiting not only from its scale, but from a higher level of engagement among customers using mobile wallets as part of their everyday financial activity.
Vodafone Cash is moving beyond being just the biggest wallet
The NTRA data effectively separates market size from market intensity.
Vodafone Cash is already the largest service by registered wallets, but its stronger shares in active wallets, transaction volumes and transaction value show that its advantage widens as the measurement moves closer to actual customer behavior.
That makes the first-half 2026 figures more than a simple market-share ranking.
They show Vodafone Cash increasingly functioning as the central transaction engine of Egypt’s telecom-wallet market, handling the majority of activity and more than three-quarters of the money moving through the sector.