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InstaPay

Egypt’s volume of real-time payment transactions hit 39M in 2023, 3rd largest in Africa

Real-time payments account for only 1.4% of Egypt’s overall payments by volume, but that is expected to change rapidly, writes ACI

CBE indefinitely suspends fees on e-banking transactions in EGP

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