ArabFinance: The number of mobile wallets in Egypt stood at 14.4 million at the end of October, the National Telecom Regulatory Authority (NTRA) announced in a report.

This marked a 17% increase from the 12.3 million mobile wallets registered last March, the NTRA elaborated.

Electronic payments saw 9.9 million transactions during October, indicating a leap of 156% when compared to 3.9 million e-transactions in March, according to the NTRA.

The authority earlier revealed that Egypt’s mobile internet usage grew 12% from June to August this year on an annual basis.