2023-03-08 | CBE12.9

CBE Regulation Book 12.9 - General Circulars

The Central Bank of Egypt is working towards digitizing all types of payments and promoting the use of local payment systems. To achieve this, the National Payments Council was established to support and encourage the use of electronic transactions and develop the digital payment infrastructure. The Central Bank has also set regulations for banks to ensure efficient and secure payment services for citizens, including reducing the time for local transfers and eliminating fees for recipients.

Egypt

Central Bank of Egypt

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