Will CBE Extend Instapay's Fee Waiver As Deadline Nears?

These exemptions took effect on January 1, 2025, and are set to expire in late March, pending a renewal decision. The CBE aims to drive broader adoption of digital financial services, facilitating seamless transactions anytime and anywhere. This move aligns with Egypt's efforts to minimize cash dependency and enhance financial inclusion.

Since its launch in April 2022, the instant payments network has become a cornerstone of Egypt's digital payment infrastructure, offering a fully integrated alternative to cash transactions. Users can transfer funds instantly, 24/7, with ease. The network has witrnessed a surge in activity, processing nearly 1.



5 billion transactions valued at EGP 2.9trn in 2024. Additionally, the number of registered users has grown to approximately 12.

5 million, underscoring its rapid adoption and impact on Egypt's financial ecosystem. MENAFN15032025000153011029ID1109318017 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.

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