2016-04-11

Circular dated March 27, 2016 amending the rules for operating mobile payment orders

In a letter dated March 27, 2016, the Central Bank of Egypt announces amendments to the rules governing mobile phone payment orders in Egypt. The changes aim to enhance the use of electronic payment methods, particularly mobile phones, for receiving international remittances. The amendments include allowing international remittances to be received via mobile phones and setting a maximum limit for such transactions, with strict anti-money laundering and counter-terrorism financing measures in place.

Egypt

Central Bank of Egypt

Show thumbnail