2023-11-15

A circular dated November 15, 2023 regarding increasing the maximum limits for transactions on financial inclusion accounts, prepaid cards, and mobile payment services.

The Central Bank of Egypt has increased the daily and monthly transaction limits for personal and non-corporate accounts, as well as corporate small entities with no evidence documents, proof of address, or where a third party cannot be confirmed. Daily limits are raised to 60,000 EGP (up from 30,000) and monthly limits are increased to 200,000 EGP (from 100,000). This increase follows the Central Bank's Third Definition of Non-Corporate Entities eligible for mobile payment services. These changes apply to all remaining provisions outlined in prior directives, as per the statement issued.

Egypt

Central Bank of Egypt

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