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FinTech

CBE increases transaction limits on InstaPay digital payment app

The increase, effective March 15, 2023, is a response to growing demand from customers, with the CBE citing opinion polls

CBE announces new regulations enabling contactless payments through phones

Under the new regulations, banks will be able to roll out services that support these payments soon, though the statement does not specify a timeline

Cash withdrawal commissions apply to credit cards only | Banks Federation

“Commissions apply only when using debit cards, prepaid cards, and salary cards for other bank machines other than the bank issuing the card, with a prescribed commission of EGP 5,” it added.

Taly launches in Egypt to introduce new FinTech and digital payments solutions

A new digital payments and collection solution, Taly, launched yesterday, aiming to bring a seamless ecosystem for banks, corporates, merchants, and consumers

Egypt’s digital payments industry up 19.6% bet. 2021/2023 | Amazon Payment Services

Between 2021 and 2023, the overall digital payments market in Egypt is expected to increase at a compound annual growth rate (CAGR) of 19.6%