CBE reveals number of InstaPay users & volume of Egyptian transactions

The Assistant Deputy Governor for Payment Systems and Services at the Central Bank of Egypt (CBE) Ehab Nasr, announced that the InstaPay application has achieved great success since its launch.

The number of InstaPay users has now reached 6.2 million customers he said, who have made 300 million transactions, adding, “We aim to reach LE 800 billion of transactions by the end of this year.”

During his speech at the PAFIX conference and exhibition within the Cairo ICT exhibition, Nasr explained that InstaPay is a point along the series of successes that came from the various digital projects launched by the CBE over the past years, starting with Meeza cards and the mobile phone system that provides real-time services.