CBE: Mobile wallets reached 39M in 2023, finalizing contactless mobile payments infrastructure

Tue, 13 Aug 2024 - 11:43 GMT

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

CBE delays charging transfer fees on InstaPay

Thu, 28 Dec 2023 - 04:50 GMT

Earlier this year, the CBE had previously mentioned that it would impose fees on transactions made via the app in early 2024.

InstaPay to potentially launch remittance services in Jordan, UAE and Saudi

Sun, 12 Nov 2023 - 05:54 GMT

The CBE is still studying whether remittances transferred via InstaPay will be credited to Egyptian accounts in local or foreign currency