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New reduced debt burden ratio limits were announced by the Central Bank of Egypt (CBE). The CBE circular instructed banks to set the ceiling for the monthly instalments of an individual’s portfolio of loans at 35% (raised to 40% in case the portfolio includes a mortgage loan) of their monthly net salary after deducting taxes and insurance. This led consumers to reduce their credit card limits, or even stop some of their cards (if they had several) to be able to take other loans besides card loan...
Euromonitor International’s Financial Cards and Payments in Egypt report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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* Get a detailed picture of the Financial Cards and Payments market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
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