Ecommerce Payments Landscape

Ecommerce Market Size :

• $3B in total ecommerce spend in 2020
• 38% projected 2020-2024 CAGR

Domestic vs Cross-border shopping :

• 10% of online sales were cross border
• 90% of online shopping were to local merchants

Other Key Takeaways :

• Cash vouchers are the #1 eCommerce payment methods but are noticeably declining with credit card and digital wallet purchases on the rise
• A policy paper released by the Institute of National Planning in June 2020 formally made suggestions to the Egyptian government to further stimulate eCommerce growth. Under this fell a national strategy, quick adoption of eCommerce laws, combining formal and informal markets, in addition to adopting a national digital identity. number for every citizen
• The fact that the Egyptian government has promoted eCommerce so ardently means merchants and consumers are going to see fewer barriers for market entry over time.