CBE announces controls on lending, money transfer via mobile phone

Thu, 22 Apr 2021 - 03:36 GMT

In its third version of the mobile payment regulations, the CBE set EGP 5,000 as a maximum amount for individual clients to borrow via mobile phone wallets.

CBE exempts money transfers in local currency from charges for 3 months

Sun, 22 Mar 2020 - 04:37 GMT

In a statement released on Sunday, the CBE said the decision is aimed at limiting cash transactions that could pose a risk to public health at the present time.