2021-11-17

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

The Central Bank of Egypt has issued rules for instant payment services within the country. These rules aim to facilitate the use of electronic payment tools and provide appropriate banking services to all segments of society. The rules outline the responsibilities of banks and payment service providers in managing risks, protecting customer data, and ensuring the security and integrity of the instant payment network.

Tags
monetary
credit
consumer