2023-03-09

A circular dated March 9, 2023 amending the limits for transactions conducted through real-time payments network applications.

The letter informs the recipient of the launch of the national instant payment system and the completion of the connection with all banks in the country to facilitate various financial transactions through instant payment network applications and the InstaPay application, available 24 hours a day. It notes the increasing volume and value of transactions through this system, indicating the need to raise the daily and monthly limits for transactions made through the instant payment network application. Finally, it requests the implementation of an increase in the maximum limits for transactions through authorized service providers, as outlined in the relevant regulations.

Egypt

Central Bank of Egypt

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