In a notification sent to creators utilizing services such as AdSense, YouTube’s AdSense, AdMob, or Google Ads Manager, the company stated, “We will no longer pay earnings in US dollars in Egypt.”
Mobile/e-wallets in Egypt have been increasing in popularity, accelerated by several initiatives from the Central Bank of Egypt (CBE), with the number of mobile wallets climbing to 39.4 million in 2023
Real-time payments account for only 1.4% of Egypt’s overall payments by volume, but that is expected to change rapidly, writes ACI
The FinMin underlined the stability of Egypt’s e-payment channels for taxes, growing a steady 30% with a reported EGP 1.9 trillion collected
Launched in 2022, the Instant Payment Network (IPN) – not to be confused with the InstaPay app – is a national network linking all operating banks within Egypt, facilitating the instantaneous execution of all banking transfer services 24/7
