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Mobile Wallet

CBE increases transaction limits on InstaPay digital payment app

The increase, effective March 15, 2023, is a response to growing demand from customers, with the CBE citing opinion polls

CBE announces new regulations enabling contactless payments through phones

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

Egyptians are more aware of e-payment options, mobile wallet transaction value up 161%

Mobile wallets are becoming more popular as the number of transactions using mobile wallets have more than doubled annually, hitting 212 million transactions

UAE FinTech YAP aiming to enter Egyptian market

The company revealed that it would be using the fresh funding to push ahead in expanding into Saudi Arabia, Egypt, Pakistan and Ghana

Financial inclusion surges 115% since 2016, 56.2% of eligible adults now have accounts

Female financial inclusion also saw a significant jump, climbing 171% by the end of 2021 compared to 2016