Circular dated March 9, 2023 amending the limits for transactions conducted through real-time payments network applications

Dear Sir,

Chairman of the Board of Directors of Bank Tahya,

Greetings,

With reference to the circular dated November 4, 2021, regarding the rules governing the services of the instant payments network, and to the launch of the National Instant Payments System, as well as the completion of the connection with all banks operating within the Republic to execute various financial transactions through the instant payments network applications and the InstaPay application around the clock in real-time.

In light of the analysis of data regarding transactions in the National Instant Payments System, it has become evident that the number and value of transactions conducted through the aforementioned system have increased, reflecting the need to increase the daily and monthly limits for transactions conducted through the instant payments network application (InstaPay) in order to accommodate the various segments and usage cases that have emerged in recent periods.

In light of the above, please be informed that the maximum limits have been amended through the applications of approved service providers, as stated in Item (4-1-3) of the aforementioned Rules Governing the Services of the Instant Payments Network, to become as follows:

	Limit
New Accounts	70,000 (Seventy Thousand) EGP
Initial Transaction Value	50,000 (Fifty Thousand) EGP
Daily Transaction Value	120,000 (One Hundred and Twenty Thousand) EGP
Initial Transaction Value	60,000 (Sixty Thousand) EGP
Monthly Transaction Value	400,000 (Four Hundred Thousand) EGP
Initial Transaction Value	200,000 (Two Hundred Thousand) EGP

Please direct the necessary actions to amend the aforementioned maximum limits, effective from March 15, 2023.

Accept our highest regards and appreciation,

Hassan Abdallah