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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 …

The post InstaPay gets smarter: Cardless ATM and mobile payments coming soon appeared first on Egypt Independent.

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Egypt’s balance of payments turns into deficit of US$410 million: CBE data

The decline in remittances from Egyptians abroad and the decline in petroleum exports has led to the Egyptian balance of payments turning into a deficit of US$ 410 million during the first half of the current fiscal year, according to data issued by the Central Bank of Egypt (CBE) on Monday. This compares to a …

The post Egypt’s balance of payments turns into deficit of US$410 million: CBE data appeared first on Egypt Independent.

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