For many, the wait for a money transfer to clear can be a frustrating experience. But in Egypt, that could soon be a thing of the past, thanks to a groundbreaking new service from e & Egypt.
The mobile operator has launched on April 9 the country’s first international mobile transfer service, enabling users to send and receive funds instantly through the e& Cash wallet app—no more visiting branches or dealing with third-party agents. The service currently connects Egypt with the UAE and Saudi Arabia, with plans for further expansion into additional countries.
The new service is a major step toward simplifying cross-border remittances and expanding financial access. With the use of its regional infrastructure, e& Egypt allows users to send money to family members in Egypt, who can instantly access it via their mobile phones. No waiting, no queues—just an immediate notification that funds are ready to be used. This development is part of a wider trend of digital innovation in Egypt’s financial sector, where mobile wallets, prepaid cards, and bank accounts are becoming more common, contributing to a rise in financial inclusion across the nation.
In recent years, Egypt has made significant strides in adopting digital financial tools. Between 2016 and 2024, the number of Egyptians with transactional accounts increased by over 200%, with more than 52 million people now holding accounts. The fintech sector in Egypt is also flourishing, with over 177 fintech startups reported in 2022, positioning the country as a key fintech hub in North Africa. This move towards digital-first financial services is not unique to Egypt; other African countries, such as South Sudan and Somalia, have also launched their own instant payment systems in 2025, further solidifying the continent’s shift towards modernizing financial infrastructure.