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Egyptian Gulf Residents Can Soon Transfer Money to Egypt via InstaPay

Transfers will be exclusively received in Egyptian pounds, with fees determined by individual banks based on the currency and country of origin.

The Central Bank’s decision came due to the increasing number and value of transactions on the National Instant Payment System.

According to Law No. 24 of 2023, winter time in Egypt will begin at midnight on Thursday, October 31st.

The increase in channel partners means it now appears to have 17 consulting partners in Egypt and two global GSIs operating in the region.

This partnership will aid retailers’ digital transformation, enabling them to overcome economic challenges and expand their businesses.

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