The Central Bank of Egypt (CBE) has released the core set of financial inclusion indicators for 2024, highlighting a remarkable surge in the financial inclusion rates in Egypt.
The number of adults (16 years and above) who own transactional accounts, whether bank accounts / Egypt Post accounts / mobile wallets / prepaid cards, reached around 48.1 million citizens out of a total of 67.3 million adults.
This has led to a financial inclusion rate of 71.5 per cent by the end of 2024, compared to 70.7 per cent in December 2023.
With regards to the financial inclusion of women, the indicators showed an upsurge in the number of financially included women, reaching 20.8 million women, with a rate of 63.4 per cent in June of 2024 compared to 62.7 per cent in December of 2022.
The financial inclusion rate of youth (aged 16 to 35), which amount to a total of 37.1 million citizens, reached 51.7 per cent in June 2024 compared to 51.5 per cent in December 2023.
The remarkable upsurge in financial inclusion rates is prompted by the fruitful collaboration with all ministries and authorities on the national level, through their active participation in many joint initiatives targeting different customer segments.
