Egypt’s five largest banks hold 75.8% of prepaid cards, central bank data shows
At the end of June 2026, Egypt’s five biggest banks accounted for about 70.4% of debit cards issued in the banking sector, with roughly 20.9 million of 29.7 million cards. The same banks held about 75.8% of prepaid cards, more than 27 million out of 35.7 million. Their share of credit cards reached 67.2%, or 4.7 million of 7.1 million cards.
At the end of June 2026, Egypt’s banking sector had about 29.7 million debit cards, 35.7 million prepaid cards, and 7.1 million credit cards, according to central bank figures. The five largest banks issued roughly 20.9 million debit cards, more than 27 million prepaid cards, and 4.7 million credit cards.
Their combined share was highest in prepaid cards at 75.8%, followed by debit cards at 70.4% and credit cards at 67.2%. This indicates that a small group of banks dominates several card segments, especially prepaid products.
Because most prepaid and debit cards sit with five banks, consumers who rely on these products may be especially sensitive to those institutions’ fees, service quality, and availability. Merchants and payment providers could also feel the effects if card issuance remains concentrated. Greater concentration may limit some users’ choices, though it could also support wider acceptance and investment in digital payments. Policymakers and regulators may watch whether access and competition improve for households and small businesses.