InstaPay now allows transactions from outside Egypt

The Central Bank of Egypt raised the maximum limit for a single transaction through InstaPay application from LE 50,000 to LE 70,000, starting from March 15th.

The CBE also decided to increase the daily maximum value of transactions from LE 60,000 to LE 120,000, while the maximum monthly limit has gone from LE 200,000 to LE 400,000.

In late March, the bank announced that financial transactions that took place through InstaPay from March 2022 to March 2023 totaled LE 112.7 billion, through 20.3 million transactions carried out by 2.16 million users.