InstaPay

Transfer and inquiry fees implemented on InstaPay starting Tuesday

New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025. InstaPay transfer fees for 2025 will be set at 0.1 percent of the transfer value, with a minimum fee of 50 piasters and a maximum of 20 Egyptian pounds per transaction, according to the new …

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Egypt Independent April 1, 2025

Will eSIM service in Egypt affect the InstaPay application?

The Head of the Communications Committee in the House of Representatives Ahmed Badawi said that the launch of eSIM service in Egypt during December has no direct relationship with the “InstaPay” application for money transfers. During a phone interview with MBC Masr channel on Tuesday, Badawi explained that InstaPay is affiliated with the Central Bank …

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Egypt Independent December 5, 2024

InstaPay app issues important update

Money transfer application, InstaPay has issued a new update regarding transfers between different bank accounts, to ensure that there are no incorrect transfers when manually writing the payment address. Through the new update, the customer to whom the money is transferred can share and send the QRcode or the payment link to the party transferring …

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Egypt Independent December 4, 2024

Know your InstaPay limits: Egyptian Central Bank announces new rules

The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps like InstaPay. The Central Bank has announced the following withdrawal limits Maximum amount per transaction: 70,000 Egyptian Pounds. Maximum daily amount: 120,000 Egyptian Pounds. Maximum monthly amount: 400,000 Egyptian Pounds. This announcement from the CBE …

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Egypt Independent September 15, 2024

InstaPay gets smarter: Cardless ATM and mobile payments coming soon

Enhancements are underway for Egypt’s instant payment network, “InstaPay,” to introduce a range of convenient new services, according to a statement issued by the Central Bank of Egypt on Thursday. These include: Cardless ATM withdrawals: Users will be able to withdraw cash from ATMs without the need for a physical card,using their mobile phones or …

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Egypt Independent June 7, 2024

Egypt Central Bank postpones fee imposition on InstaPay indefinitely

The Central Bank of Egypt (CBE) on Thursday moved decided to postpone the imposition of fees on the InstaPay application indefinitely. The CBE also issued directives to banks participating in the InstaPay real-time payments network to postpone the collection of fees on transactions indefinitely. The Deputy Assistant Governor of the CBE in the banking operations …

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Egypt Independent December 29, 2023