In 2022, Egyptian consumers turned to open banking for its benefits, such as speed and convenience. Consequently, the share of people that used open banking to pay their bills and do their banking stood at 71 percent, while 61 percent considered that they felt safe using apps to send money from their phones. Moreover, a share of 42 percent were wiling to share financial data information with apps in order to access payment tools.
Consumer behavior and usage of open banking in Egypt in 2022
Characteristic
Share of consumers
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MasterCard. (August 2, 2022). Consumer behavior and usage of open banking in Egypt in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/
MasterCard. "Consumer behavior and usage of open banking in Egypt in 2022." Chart. August 2, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/
MasterCard. (2022). Consumer behavior and usage of open banking in Egypt in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/
MasterCard. "Consumer Behavior and Usage of Open Banking in Egypt in 2022." Statista, Statista Inc., 2 Aug 2022, https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/
MasterCard, Consumer behavior and usage of open banking in Egypt in 2022 Statista, https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/ (last visited July 22, 2024)
Consumer behavior and usage of open banking in Egypt in 2022 [Graph], MasterCard, August 2, 2022. [Online]. Available: https://www.statista.com/statistics/1450011/consumer-attitudes-towards-open-banking-in-egypt/