Launched last year, InstaPay - licensed by the CBE via the National Instant Payment Network – provides Egyptians with a seamless and instant e-payment and transfer method between various banks
The increase, effective March 15, 2023, is a response to growing demand from customers, with the CBE citing opinion polls
Under the new regulations, banks will be able to roll out services that support these payments soon, though the statement does not specify a timeline
A new digital payments and collection solution, Taly, launched yesterday, aiming to bring a seamless ecosystem for banks, corporates, merchants, and consumers
Between 2021 and 2023, the overall digital payments market in Egypt is expected to increase at a compound annual growth rate (CAGR) of 19.6%
