The alternative lending in this region is expected to grow by 29.8% on an annual basis to reach US$326.7 million in 2024.
Medium to long term growth story of alternative lending in Egypt remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 20.0% during 2024-2028. The alternative lending market in the country will increase from US$251.8 million in 2023 to reach US$678.5 million by 2028.
The alternative lending sector in Egypt is rapidly expanding, driven by increasing demand from SMEs and underserved communities. Key innovations, strategic partnerships, and supportive regulatory changes fuel this growth. With ongoing digital transformation and government reforms, the sector is poised for continued development, offering new opportunities for financial inclusion and business growth.
Looking ahead, the next few months are expected to witness continued expansion in alternative lending, as the government and financial institutions prioritize reforms to enhance the business environment and attract foreign investment. The focus on digital transformation and financial inclusion will likely further bolster the alternative lending sector, providing more opportunities for SMEs to thrive amidst ongoing economic adjustments.
Paymob Expands Payment Solutions Portfolio - Paymob is a leading financial services provider in the Middle East, North Africa and Pakistan (MENAP) region, offering over 40 payment solutions to 250,000 merchants. It is a key player in driving innovation in alternative lending.
MNT-Halan and International Investors - MNT-Halan has partnered with international investors to expand its fintech ecosystem and offer alternative lending solutions for the unbanked. This collaboration will enhance its ability to provide diverse financial services, strengthening its market position.
It breaks down market opportunity by type of payment instrument, loan types, and consumer behavior. In addition, it provides a snapshot of marketing objective and industry spend dynamics in Egypt. KPIs in both value and share term help in getting in-depth understanding of end market dynamics.
The publisher’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
Medium to long term growth story of alternative lending in Egypt remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 20.0% during 2024-2028. The alternative lending market in the country will increase from US$251.8 million in 2023 to reach US$678.5 million by 2028.
The alternative lending sector in Egypt is rapidly expanding, driven by increasing demand from SMEs and underserved communities. Key innovations, strategic partnerships, and supportive regulatory changes fuel this growth. With ongoing digital transformation and government reforms, the sector is poised for continued development, offering new opportunities for financial inclusion and business growth.
Growth in the Alternative Lending Sector
Alternative lending in Egypt has grown significantly, driven by the increasing demand for accessible financing solutions among small and medium-sized enterprises (SMEs) and underserved populations. Digital platforms are revolutionizing the lending landscape by offering innovative solutions that cater to the unique needs of borrowers, particularly in light of the economic challenges posed by high inflation and currency fluctuations.Looking ahead, the next few months are expected to witness continued expansion in alternative lending, as the government and financial institutions prioritize reforms to enhance the business environment and attract foreign investment. The focus on digital transformation and financial inclusion will likely further bolster the alternative lending sector, providing more opportunities for SMEs to thrive amidst ongoing economic adjustments.
Key Developments in the Alternative Lending Sector
Product Launches and Innovations
Telda Launches Groundbreaking Money App - Telda is a fintech startup that launched an app tailored for Millennials and Gen Z in Egypt. The app allows users to open a free account in minutes and get a globally accepted card for online and in-store payments as well as ATM withdrawals. Telda aims to revolutionize peer-to-peer payments and provide an alternative to traditional banking systems.Paymob Expands Payment Solutions Portfolio - Paymob is a leading financial services provider in the Middle East, North Africa and Pakistan (MENAP) region, offering over 40 payment solutions to 250,000 merchants. It is a key player in driving innovation in alternative lending.
Strategic Partnerships
EBRD and Local Financial Institutions - The European Bank for Reconstruction and Development (EBRD) has partnered with local financial institutions to promote inclusive finance, support SMEs, and increase access to finance for underserved segments, fostering entrepreneurship and economic growth.MNT-Halan and International Investors - MNT-Halan has partnered with international investors to expand its fintech ecosystem and offer alternative lending solutions for the unbanked. This collaboration will enhance its ability to provide diverse financial services, strengthening its market position.
Regulatory Changes
The Egyptian government has introduced several key policies to promote and regulate the alternative lending sector. The FRA has recently issued several decrees regulating the use of financial technology in the field of non-banking financial activities, including:- Regulating the required conditions and procedures for the incorporation and licensing of companies and entities wishing to undertake non-banking financial activities through FinTech.
- Issuing rules and procedures for providing banking services online, electronic validation of banking transactions, payment orders and transfer orders, electronic cheque settlement, issuance and circulation of electronic cheques, authorization and direct debit orders in an electronic way.
It breaks down market opportunity by type of payment instrument, loan types, and consumer behavior. In addition, it provides a snapshot of marketing objective and industry spend dynamics in Egypt. KPIs in both value and share term help in getting in-depth understanding of end market dynamics.
The publisher’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
Scope
This report provides in-depth data-centric analysis of Alternative Lending industry in Egypt through 125 tables and 150 charts. Below is a summary of key market segments.Egypt Economic Indicators
- Gross Domestic Product at Current Prices
- Population
- Unbanked Population
- Unemployment Rate
- Loan Default Rate
Egypt Alternative Lending Market Size and Forecast
- Transaction Value
- Average Transaction Value
- Transaction Volume
Egypt Alternative Lending Market Size and Forecast by End User
- End User - Business
- End User - Consumer
Egypt Alternative Lending Market Size and Forecast by Finance Models
- P2P Marketplace Consumer Lending
- P2P Marketplace Business Lending
- P2P Marketplace Property Lending
- Balance Sheet Consumer Lending
- Balance Sheet Business Lending
- Balance Sheet Property Lending
- Invoice Trading
- Debt Based Securities
- Equity Based Crowd Funding
- Real Estate Crowd funding
Egypt Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Egypt Alternative Lending Market Size and Forecast by Payment Instrument to Model
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Egypt Alternative Lending Market Size and Forecast by Loan Types
- B2C Loans
- Personal Loan
- Payroll Advance
- Home Improvement
- Education/Student Loans
- Point of Sale
- Auto Loans
- Medical Loans
- B2B Loans
- Lines of Credit
- Merchant Cash Advance
- Invoice Factoring
- Revenue Financing
Egypt Alternative Lending Analysis by Consumer Attitude and Behaviour
- By Age
- By Income
- Gender
Reasons to buy
- Gain a thorough understanding of the Alternative Lending market dynamics: Market opportunities, significant trends, and forecasting (2019 - 2028) are listed. To stay ahead of the curve, comprehend market trends using important KPIs like Value and Share.
- Insights by Industry: Evaluate new opportunities across multiple industries, and obtain market dynamics by industry in order to swiftly catch up with the latest and upcoming developments in Alternative Lending markets.
- Market-specific strategies: With our unique blend of quantitative forecasting and cutting-edge insights, we can identify growth sectors that are focused on particular opportunities and analyse market-specific risks as well as significant trends in the Alternative Lending industry.
- Through industry intelligence, forward-looking research of Alternative Lending market spend, and key opportunities in Egypt, develop proactive and profitable company plans.
Table of Contents
1. About this Report
2. Egypt Economic Indicators
3. Egypt Alternative Lending Industry Attractiveness
4. Egypt Alternative Lending Market Size and Forecast by End User
5. Egypt Alternative Lending Market Size and Forecast by Finance Models
6. Egypt Alternative Lending Market Size and Forecast by Payment Instrument
7. Egypt Alternative Lending Market Size and Forecast by Payment Instrument to Model
8. Egypt Alternative Lending Market Size and Forecast by Loan Types
9. Egypt Alternative Lending Analysis by Consumer Attitude and Behaviour
10. Further Reading
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | September 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 326.7 Million |
| Forecasted Market Value ( USD | $ 678.5 Million |
| Compound Annual Growth Rate | 20.0% |
| Regions Covered | Egypt |
