InstaPay
The InstaPay mobile application announced applying new fees on its transactions and services starting April 1, 2025.
This step is part of ongoing efforts to promote digital transformation and reduce reliance on cash, supporting Egypt's goal of becoming a cashless society.
This initiative is part of Egypt's ongoing push toward digital transformation and reducing the reliance on physical cash, in line with the bank’s broader strategy to modernize the country’s financial infrastructure.
Nasr noted that InstaPay has garnered 11.5 million users since its launch two years ago, reflecting its growing adoption.
Egypt’s real-time/instant payments are in the “very early” growth stage, says ACI Worldwide and GlobalData in its 2024 Prime Time for Real-Time report, with 2023 transactions reported at 39 million
The CBE said, in a statement, that 70 percent of the transactions were conducted after the official working hours, and 30 percent during the official working hours.
InstaPay Egypt is a mobile application that allows direct access to the user's all bank accounts and transfers instantly using your mobile device 24/7.
