Egypt Finance News
srijeda, 24.03.2021.
The volume of digital payments in Egypt will rise to $ 8.5 billion during 2021
 A report predicts an increase in digital trade to $ 9.85 billion this year Statista Research expects an increase in the volume of digital payments in Egypt to reach $ 12.7 billion this year, compared to about $ 8.5 billion in 2020, an increase of 42.5%. In a report obtained by Capital News, the Foundation expects that the volume of digital payments in Egypt will double to $ 25.3 billion by 2025. The digital trade sector accounts for the largest share in the digital payments activity, reaching 6.9 billion dollars during 2020, with expectations that it will reach 9.85 billion dollars this year, an increase of 43%. The corporation expects the volume of digital trade to reach 20.1 billion dollars in 2025. According to the report, the increasing demand for e-commerce is one of the trends that will last for a long time after the Corona crisis. He pointed out that electronic commerce is at its best times and that in the near future it will be one of the indispensable destinations in the e-commerce and digital payments sectors in a phase of tangible growth in 2021, in light of expectations that almost half of the consumers will tend to increase their online purchases and increase In the interest of consumers on electronic shopping more than others, and more shopping operations on the Internet during the coming year. While the other share of digital payments activity is concentrated in the point of sale sector linked to mobile wallets, which reached 1.58 billion dollars in 2020, with expectations that it will reach 2.22 billion dollars in 2021. The size of points of sale linked to mobile wallets is expected to double to $ 5.11 billion during 2025. The activity of digital payments increased significantly due to the repercussions of the Coronavirus crisis, which called for the expansion of the use of technology and procedures for online transactions to limit the spread of the Coronavirus. According to the report, the volume of digital payments worldwide will reach 5.5 trillion dollars during 2020, with expectations that it will reach 6.68 trillion dollars during 2021. The report also predicted that global digital payments would reach $ 10.5 trillion during the year 2025. The recent period has witnessed a large part of customers began to use electronic payment, and this is due to the promotion of the payment platform for the concept of financial inclusion and electronic payment, and the customers' ability to use it in an easy and safe way to pay online and on the other hand, provide sufficient labor to respond to customers for all their inquiries as well as from the logistical aspect. |
