- Egypt discussed financial cooperation in fintech and trade.
- Egypt's state strategy has been announced to support the growth of digital financial services.
Egypt's Instant Payment Network processes EGP 7 trillion in transactions
What happened
The Central Bank of Egypt reported that through September 2026, the Instant Payment Network processed over 2.4 billion transactions worth approximately EGP 7 trillion. Registered users on the platform surpassed 24 million during the same period. Mobile phone wallets recorded transactions exceeding EGP 4 trillion, while internet and mobile banking services reached around EGP 13 trillion.
From cairoscene.com
Why it matters
This growth reflects the expansion of digital financial services across Egypt’s banking sector, supported by initiatives from the Central Bank of Egypt. The network was launched in March 2022 to connect banks and payment service providers and enable real-time transfers.
Egypt has announced a state strategy to support the growth of digital financial services and has discussed financial cooperation in fintech and trade.
From cairoscene.com
Who's involved
- Central Bank of EgyptMandated governmental institution responsible for managing Egypt's national monetary and economic policy.
- InstapayConsumer-facing application serving as the instant payment network within the Egyptian market.
- EgyptCountry where the instant payment network operates and digital financial services are expanding.
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The entities involved
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Central Bank of Egypt
central bank of Egypt
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Instapay
Egyptian payment application
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Egypt
country in Northeast Africa and Southwest Asia