بنكي | The Central Bank of Egypt

CBE Issues New Decrees for Extending the Exemption of Individuals from Transfer Fees via Instant Payment Network and InstaPay Application for a Renewable Period of 3 Months

In alignment with Egypts Vision 2030 to promote digital transformation, the Central Bank of Egypts CBE Board of Directors issued a set of decrees that include extending the exemption of all fees and commissions applicable to bank transfer services, conducted through electronic channels internet banking and mobile banking applications in Egyptian pound. Furthermore, the exemption also applies to all transfers executed by customers through the national Instant Payment Network IPN and InstaPay application