CBE allows receiving money from abroad via the InstaPay application ...Egypt

News by : (EGYPT INDEPENDENT) -
The Assistant Sub Governor for Payment Systems and Services at the Central Bank of Egypt (CBE) Ehab Nasr said the CBE has officially approved banks operating in the country to receive money transfers from abroad via the InstaPay application, from all over the world. Speaking on the sidelines of the 11th Edition of the Digital Payments, Financial Inclusion, and Digital Banking (PAFIX) International Conference and Exhibition, Nasr added that the technological and infrastructure structure of the application is more than capable of receiving transfers from abroad. He added that banks will determine the transfer commission according to the currency used and the country through which the transfer

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