2023-11-15

A circular dated November 15, 2023 regarding increasing the maximum limits for transactions on financial inclusion accounts, prepaid cards, and mobile payment services.

In a letter dated November 15, 2023, the National Bank of Egypt announced an increase in the daily and monthly transaction limits for financial inclusion accounts, prepaid cards, and mobile payment services. The new limits are effective immediately and apply to both individuals and micro-enterprises, with the daily limit increased to 60,000 EGP and the monthly limit to 200,000 EGP for individuals. The letter also emphasizes the continued validity of other provisions in the referenced regulatory instructions.

Egypt

Central Bank of Egypt

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