Regulatory Alerts2023-03-12 | CBE12.4Added · Updated
CBE Regulation Book 12.4 - The Rules Regulating The Services Of The Real Time Payment Network
These rules establish the regulatory framework for banks and mobile application providers offering services on the Instant Payment Network (IPN) to facilitate instant transfers and electronic payment tools. The document defines key entities including Issuer Banks, Payment Service Provider (PSP) Banks, Acquirer Banks, Payment Service Providers, and Technology Service Providers, while also defining technical terms such as Instant Payment Address (IPA) and Secure Library (SL). The regulations apply to all banks operating in the Arab Republic of Egypt and set the minimum standards for risk management and service provision through the IPN.