The Central Bank of Egypt (CBE) reported a surge in financial transactions carried out through the instant payment network (IPN) during the first quarter (Q1) of 2025, reaching 263 million, with a total value exceeding EGP 1.2 trillion, according to the CBE's Financial Stability report.

The InstaPay app is set to apply transfer fees as of April 1st, the Instant Payment Network (IPN) announced.

The Central Bank of Egypt (CBE) has announced the renewal of the exemption from all expenses and commissions for transfer services through the instant payment network, Instapay.

Money transfers from Saudi Arabia and the Gulf to Egypt will be available in two months through the country’s instant payment network, Instapay.

The InstaPay App will introduce a new feature enabling instant payments between individuals via a QR code within a few days.

Visa and the developer and operator of Egypt’s national payment networks and ecosystems, Egyptian Banks Company (EBC), in cooperation with the Central Bank of Egypt (CBE), inked a memorandum of understanding (MoU) to improve the process of international remittances for Egyptians residing overseas.

The Central Bank of Egypt (CBE) has exempted customers from all fees related to bank transfer services executed via electronic channels in the Egyptian pound.

The Central Bank of Egypt (CBE) is planning to provide a license to fintech companies that allow them to link their issued e-payment cards with InstaPay in 2024.

The Central Bank of Egypt (CBE) is currently in advanced talks with Saudi, Emirati, and Jordanian central banks to allow money transfers to the bank accounts of Egyptian customers in Egypt via InstaPay app as of 2024.

The Central Bank of Egypt (CBE) is considering connecting InstaPay App to three Arab countries.

MIDBANK has joined the Instant Payment Network (IPN) to facilitate cash transfers between banks.

aiBANK, a 51%-owned subsidiary of EFG Holding, has joined the Instant Payment Network (IPN) via the InstaPay App.

In 2022, the CBE launched the Instant Payment Network (IPN) and InstaPay app which allow the conduction of online financial transactions instantly.