Financial Inclusion in Egypt Exceeds 48 Million People

  • Arab Republic of Egypt
  • 16 December 2024
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The Central Bank of Egypt revealed that financial inclusion efforts in Egypt, which were carried out in cooperation with the banking sector, led to an increase in rates during the period from December 2016 to June 2024, by 181 percent.

According to the Central Bank of Egypt, the number of citizens who have a financial transaction account, whether in banks, the Egyptian Post, mobile phone wallets, or prepaid cards, has increased to 48.1 million citizens out of a total of 67.3 million people in the age group of 16 years and above, who are entitled to deal with banks, so that the financial inclusion rate reaches 71.5 percent in June 2024.

Source (a-Khaleej Emirati Newspaper, Edited)

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