Egypt Remittance Market Outlook to 2023
By Inbound and Outbound Remittance, By Transfer Mode (Bank Transfer, Through Friends or Relatives, Through Agent or Courier, Carried Money on Their Visits, and Others), By Banking and Non-Banking Transfer, By Bill Payment Type (Mobile Services, Internet Services, Utilities, and Others), By Bill Payment Mode (Cash Payments, Card Payments, and Fund Transfers)
Region:Middle East
Product Code:KR753
February 2019
129
About the Report
Egypt Domestic Remittance Market: Banking channels has been most prominent method whereas non-banking channels accounts for a smaller share. Based on net migration flow, Port Said, Suez, Red Sea, 6th of October, and Ismalia are few of the major cities that have experienced major inflow of internal migrants, whereas Menoufia, Sharqia, Assyut, Sohag and Damietta are the cities that fall lest in net migration flow with highest number of outflow of migrants. Better job opportunities and lifestyle makes these cities major flow corridors in domestic money transfers.
Egypt Bill Payments Market: In Egypt, Bill Payments mobile services that include mobile top-ups are the largest contributor, followed by internet services which are majorly due to the ever increasing penetration of broadband internet. Utilities also accounts for a respectable share followed by other bills such as taxes, tuition fee, and more. Cash is the most preferred method opted by Egyptians. Card payment is second largest contributor in terms of transaction value and is followed by fund transfers.
Competitive Landscape in Egypt Remittance Market: The competition within Egypt International Remittance market concentrated in nature with the presence of Western Union, RIA Money Transfer, and MoneyGram. Other companies that operate in the space are OFX, XE Trade, Payoneer, and more, however they account for smaller share. in domestic remittance space Egypt Post dominates the market which is followed by ITSC Egypt (that operates in collaboration with Egypt Post), where as HSBC Egypt is the largest private company that operates in domestic money transfer services in Egypt. The Bill Payment Market in Egypt is fragmented in nature with presence of companies such as Masary, Fawry, Bee, Sadad, Aman, and others, in which Fawry and Masary combined accounted for majority of the market share.
Future Outlook and Projections: Expected continued growth in Egyptian migrants in other countries, internal migration, and increasing use of internet and mobile services is expected to sustain the growth of Egypt Remittance Market. However, policy changes in Saudi Arabia are expected to negatively impact the international remittance market in Egypt. Most of the Egyptian workers in Saudi Arabia are either expected to return to Egypt or move to other country in search of other better employment opportunities.
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- Egypt Remittance Market - Overview and Genesis
- Egypt International Remittance Market
- Egypt Domestic Remittance Market
- Egypt Bill Payment Market
- Egypt Remittance Market Consumer Profile
- Value Chain Analysis of Egypt Remittance Market
- Government Regulations in Egypt Remittance Market
- Issues and Challenges in Egypt Remittance Market
- Trends and Growth Drivers
- Competitive Landscape and Company Profiles in Egypt Remittance Market
- Future Outlook and Projections of Egypt Remittance Market
- Analyst Recommendations
Products
Key Target Audience
- Money Transfer Organization
- Bill Payment Companies
- Banks
Time Period Captured in the Report:
- Historical Period - 2013-2018
- Forecast Period - 2019-2023
Companies
Companies Covered:
- Western Union
- RIA Money Transfer
- MoneyGram
- Egypt Post
- ITSC Egypt
- HSBC Egypt
- Fawry
- Masary
- Bee: Smart Payment Solutions
Table of Contents
1. Executive Summary
1.1. Macro Environment in Contact With Remittance Industry Performance
1.2. Egypt Remittance Market Overview
1.3. Egypt International Remittance Market
1.4. Egypt Domestic Remittance Market
1.5. Egypt Bill Payment Market
1.6. Trends & Growth Drivers
1.7. Future Potential of Egypt Remittance Market
2. Appendix
2.1. Market Definition
2.2. Abbreviations
2.3. Market Size and Modelling
Approach – Market Sizing
Variables (Dependent and Independent)
Limitations
Final Conclusion
3. Value Chain Analysis of Egypt Remittance Market, 2018(P)
3.1. Value Chain Analysis of Egypt Remittance Market
4. Snapshot of Global Remittance Market
4.1. Introduction to Global Remittance Market
5. Egypt International Remittance Market - Overview and Genesis
5.1. Egypt International Remittance Market Overview
5.1.1. Introduction
Historical Overview
General Background of Migrant Remittances to Egypt
The Importance of Remittances to the Egyptian Economy
Illegal Migration
Illegal Remittance Scenario
Ammendments in Policies to Improve Remittance Inflow to Egypt
Determinants of Egyptian Migrants’ Remittances
Scenario of Egypt International Remittance Market 2017
5.1.2. Remittance Working Model
5.1.3. MONEY TRANSFER TO/FROM EGYPT
Banks and MTO: Two Major Money Transfer Options in Egypt
5.1.4. Egypt International Remittance Market Size, 2013-2018
5.1.5. Egypt International Remittance Market Segmentation, 2018(P)
By Inbound and Outbound Remittance, 2018(P)
By Major Flow Corridors (Inbound and Outbound), 2018(P)
By Mode of Transfer, 2018(P)
5.1.6. Egypt International Remittance Market Trends and Growth Drivers
Increase in the Prevalence of Digital Payment Methods
Rising Number of options of Money Transfer Channels in Egypt
5.1.7. Egypt International Remittance Market Issues and Challenges
Changes in foreign Worker policies
High unbanked Population
5.1.8. Egypt International Remittance Customer Profile, 2018(P)
Age Distribution of Egyptian Population Migrated to Other Countries, 2018(P)
Motive of Migrants to Move to Other Countries from Egypt, 2018(P)
Frequency of Remittance Being SenT Back to Egypt by Egyptian Migrants in Other Countries, 2018(P)
Uses of Remittance Received by Egyptians from Other Countries, 2018(P)
Unbanked Recipients
Interlink Between Money Transfer Organizations and Banks
Comparison Parameters of Money Transfer Organization (MTO)
5.1.9. Egypt International Remittance Market Competitive Landscape
5.2. Company Profiles in Egypt International Remittance Market, 2018
Western Union
RIA Money Transfer
MoneyGram
HSBC Egypt
Credit Agricole
Alex Bank
National Bank of Egypt
5.2.1. Future Outlook and Projections of Egypt International Remittance Market, 2019-2023
5.2.2. Future Outlook to Egypt International Remittance Market Segmentation, 2023
By Inbound and Outbound International Remittance, 2023
6. Egypt Domestic Remittance Market Overview
6.1. Introduction
6.2. Egypt Domestic Remittance Market Size, 2013-2018(P)
6.3. Major Flow Corridors, 2018(P)
6.4. Egypt Domestic Remittance Market Segmentation, 2018(P)
By Channel of Transfer, 2018(P)
6.5. Egypt Domestic Remittance Market Trends and Growth Drivers
Implementation of QR Codes
Nano Finance
6.6. Egypt Domestic Remittance Market Customer Profile, 2018
Total Internal Migration
6.7. Egypt Domestic Remittance Market Competitive Landscape
6.8. Company Profiles for Major Players in Egypt Domestic Remittance Market, 2018(P)
Egypt Post
ITSC Egypt
6.9. Future Outlook and Projections of Egypt Domestic Remittance Market, 2019-2023
6.10. Future Outlook to Egypt Domestic Remittance Market Segmentation, 2023
By Channel of Transfer, 2023
7. Egypt Bill Payments Market Overview
7.1. Introduction
7.2. Egypt Bill Payments Market Size, 2013-2018(P)
7.3. Egypt Bill Payments Market Segmentation, 2018(P)
By Type of Bill Payment, 2018(P)
By Mode of Bill Payment, 2018(P)
7.4. Egypt Bill Payments Market Trends and Growth Drivers
Improvemnts in Digital Payment Methods
Proliferation of Remittance Services
New Developments in Payments and M- wallet Industry
7.5. Egypt Bill Payments Market Competitive Landscape
7.6. Company Profiles in Egypt Bill Payments Market, 2018
Fawry
Masary
Bee: Smart Payment Solutions
7.7. Future Outlook and Projections of Egypt Bill Payments Market, 2019-2023
7.8. Future Outlook For Egypt Bill Payments Market Segmentation, 2019-2023
By Type of Bill Payment, 2023
By Mode of Bill Payment, 2023
8. Egypt Mobile Money Transfer Market
8.1. Mobile Money Transfer Platforms
Vodafone Cash
Etisalat Cash
Orange Money
Benefits of Mobile Money Transfer
9. SWOT Analysis of Egypt Remittance Market, 2018
10. Government Regulations in Egypt Remittance Market, 2018
10.1. Egypt Foreign Currency Regulations
11. Analyst Recommendations
Disclaimer
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