Mobile Wallets Offer Egypt Digital Transformation and Use Case Expansion

While about 30-40 million Egyptians use mobile wallets, Dr. Tamer El-Hussainy, CEO of Cairo-based e-payment service provider Damen, tells PYMNTS that its usage is mainly limited to P2P money transfers, and more education is required to expose local consumers to other use cases such as digital banking and merchant payments via contactless technologies.