Regulatory Alerts2023-03-09
Added · Updated
Circular dated March 9, 2023 amending the limits for transactions conducted through real-time payments network applications
The document amends the maximum transaction limits for approved service providers under the Real-Time Payments Network Rules, effective March 15, 2023. The new limits are set at 70,000 EGP for new accounts and 50,000 EGP for the initial transaction value; 120,000 EGP for daily transaction value and 60,000 EGP for the initial transaction value; and 400,000 EGP for monthly transaction value and 200,000 EGP for the initial transaction value. Banks are directed to implement these changes to accommodate recent usage patterns.
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