Regulatory Alerts2021-11-17
Added · Updated
Rules Regulating Real-Time Payments Network Services in the Arab Republic of Egypt
The Central Bank of Egypt establishes the operational framework for banks and mobile application providers participating in the Instant Payment Network (IPN) to facilitate real-time transfers and electronic payment services. The document defines the roles and obligations of Payment Issuer Banks, Payment Service Provider (PSP) Banks, and Acquirer Banks, while outlining general rules for system security, operational performance, and regulatory oversight. It further details the requirements for licensing and access to the network infrastructure.