2021-11-17

A circular dated October 26, 2021 regarding the rules regulating real-time payments network services

The Instant Payment Network (IPN) rules and regulations are outlined in this document, which is intended for banks and payment service providers (PSPs) operating in Egypt. The Central Bank of Egypt (CBE) is working to increase financial inclusion and digital transformation, and these rules aim to establish a framework for banks and mobile applications to provide instant payment services to all segments of society. The rules cover a range of topics, including definitions, scope, risk management, strategic, operational, and legal risks, anti-money laundering and counter-terrorism financing, and general provisions.

Egypt

Central Bank of Egypt

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