Epayment
By the end of September 2023, the total had reached 36.7 million, with 96.2 million transactions amounting to LE 11.64 billion, as explained in the CBE’s economic review for FY2023/2024
Earlier this year, the CBE had previously mentioned that it would impose fees on transactions made via the app in early 2024.
The CBE is still studying whether remittances transferred via InstaPay will be credited to Egyptian accounts in local or foreign currency
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