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InstaPay gets smarter: Cardless ATM and mobile payments coming soon

Enhancements are underway for Egypt’s instant payment network, “InstaPay,” to introduce a range of convenient new services, according to a statement issued by the Central Bank of Egypt on Thursday.

These include:

  • Cardless ATM withdrawals: Users will be able to withdraw cash from ATMs without the need for a physical card,using their mobile phones or wearable devices instead.

  • Electronic point-of-sale (POS) payments: InstaPay will be integrated with electronic POS terminals, enabling seamless and secure payments at merchants.

  • Mobile app payments: Customers will be able to make payments directly through their mobile apps, eliminating the need for cash or traditional payment methods.

These new features are scheduled for gradual rollout throughout the current year, aiming to expand the accessibility and convenience of InstaPay for users across Egypt.

How to transfer money instantaneously on InstaPay

The QR Code requires these steps:

  • The sender and the beneficiary must be in the same place, as InstaPay has created a mechanism for sharing the Payment Link with the party wishing to transfer as an alternative to sharing the payment address or entering the transfer data manually.
  • When you click on the payment link, InstaPay application automatically completes the beneficiary’s data through the link and carries out the transfer process directly without the need to enter the data manually.


Withdrawal limit 

The Central Bank of Egypt (CBE) set limits for transfer as the following:

  • LE 70,000 per transaction.
  • LE 120,000 daily debit per bank.
  • LE 400,000 monthly debit per bank.


The launch of InstaPay

The CBE in 2022 announced the official launch of the national system for the instant payments network and  InstaPay for banking sector customers, allowing financial transactions to be conducted electronically and instantly.

It utilizes a real-time payments network to facilitate money transfers and electronic payments.

The step was implemented as part of the digital transformation strategy of the National Payments Council, headed by President Abdel Fattah al-Sisi.

The launch of InstaPay is an important step towards achieving the Central Bank’s comprehensive vision of national payment systems.

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