{"id":609939,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"instapay-could-offer-remittances-from-uae-jordan-ksa-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/","title":{"rendered":"InstaPay could offer remittances from UAE, Jordan, KSA next year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Progress on plans to link up InstaPay with Mideast banks:<\/strong> The Central Bank of Egypt (CBE) has reached preliminary agreements with the central banks of the UAE and Jordan \u2014 and is in advanced talks with the central bank in Saudi Arabia \u2014 to allow InstaPay users to transfer money from banks in these countries to Egyptian bank accounts, a source with firsthand knowledge of the matter told Enterprise. The CBE-run digital payment platform is expected to onboard banks in these countries and roll out the remittance services in 1H 2024, our source said, adding that the service will offer low transactions fees. The news was first picked up by <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/e5j6eaua\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>It first came to light back in September that the central bank was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae7b12f4-cd1b-4851-a8ed-a98b38e3a4d4\" style=\"\" rel=\"noopener\">looking into<\/a> allowing InstaPay transfers from the three Arab countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some details are yet to be ironed out: <\/strong>The CBE is still studying whether remittances transferred via InstaPay will be credited to Egyptian accounts in local or foreign currency, our source said. The three central banks outside of Egypt will also need to work out new transfer limits with the CBE, according to Asharq\u2019s source. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27d55c74-746c-4246-98b5-764ccd096384\" style=\"\" rel=\"noopener\">limits<\/a> are currently set at EGP 70k per transaction, EGP 120k per day, and EGP 400k per month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>InstaPay is beloved at home: The app currently has over 4 mn users, our source said.<\/strong>That\u2019s at least an 82% increase from the 2.2 mn users that were subscribed back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aef81f59-32cf-4d1f-bafb-4be635cb0556\" style=\"\" rel=\"noopener\">March<\/a>. In the 15-month period between its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16f68b1b-62fc-4d71-a4bd-a75a9f1648fb\" style=\"\" rel=\"noopener\">launch<\/a> and last June, users transferred around EGP 300 bn, of which EGP 250 bn came in the last 6 months, according to a CBE official cited by Amwal Al Ghad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you\u2019re wondering what their secret to success is<\/strong>, InstaPay\u2019s decision to have zero transaction fees through the end of 2023 has undoubtedly played a big part in its popularity in the ultra-competitive local fintech market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All in the name of easing the FX crunch:<\/strong> The move is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch. Other recent initiatives include allowing expats to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bef1d586-c5e9-4061-a227-b80ecdbff768\" style=\"\" rel=\"noopener\">import cars<\/a> in return for depositing fees in FX and offering investors generous <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17a8718e-d87f-4515-a0c9-05d43f958eb0\" style=\"\" rel=\"noopener\">tax breaks<\/a> if they use hard currency to fund at least half of the investment cost of industrial projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The plan is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch<\/p>\n","protected":false},"author":1,"featured_media":609940,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7323],"tags":[72,183,2234,1458,1033,2396,219,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-enterpriseam","tag-fintech","tag-foreign-exchange","tag-instapay","tag-jordan","tag-remittances","tag-saudi-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"d0de16f6-4f11-4511-8f5f-743b1a57da64","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"InstaPay could offer remittances from UAE, Jordan, KSA next year","related_issue":[609932],"teaser":"The plan is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.c87de2ae-9fc3-4245-ac21-003404f2ed5b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>InstaPay could offer remittances from UAE, Jordan, KSA next year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InstaPay could offer remittances from UAE, Jordan, KSA next year\" \/>\n<meta property=\"og:description\" content=\"The plan is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"InstaPay could offer remittances from UAE, Jordan, KSA next year\",\"datePublished\":\"2023-11-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\"},\"wordCount\":394,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Fintech\",\"foreign exchange\",\"InstaPay\",\"Jordan\",\"remittances\",\"Saudi Arabia\",\"UAE\"],\"articleSection\":[\"Fintech\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\",\"name\":\"InstaPay could offer remittances from UAE, Jordan, KSA next year - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"InstaPay could offer remittances from UAE, Jordan, KSA next year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"InstaPay could offer remittances from UAE, Jordan, KSA next year - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/","og_locale":"en_US","og_type":"article","og_title":"InstaPay could offer remittances from UAE, Jordan, KSA next year","og_description":"The plan is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"InstaPay could offer remittances from UAE, Jordan, KSA next year","datePublished":"2023-11-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/"},"wordCount":394,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","Fintech","foreign exchange","InstaPay","Jordan","remittances","Saudi Arabia","UAE"],"articleSection":["Fintech"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/","name":"InstaPay could offer remittances from UAE, Jordan, KSA next year - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1","datePublished":"2023-11-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/instapay-could-offer-remittances-from-uae-jordan-ksa-next-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"InstaPay could offer remittances from UAE, Jordan, KSA next year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/602.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":665828,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/nbe-aaib-banque-misr-receive-approval-from-cbe-to-expand-regionally\/","url_meta":{"origin":609939,"position":0},"title":"NBE, AAIB, Banque Misr receive approval from CBE to expand regionally","author":"enterpriseam admin","date":"25 May 2025","format":false,"excerpt":"The banks are set to expand in countries like Saudi Arabia, Kuwait, the UAE, Qatar, and Jordan","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1968.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663006,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/instapay-will-introduce-transfer-fees-next-month\/","url_meta":{"origin":609939,"position":1},"title":"Instapay will introduce transfer fees next month","author":"enterpriseam admin","date":"26 March 2025","format":false,"excerpt":"Instapay transfer fees come into effect on Tuesday, 1 April, the central bank\u2019s digital payment platform announced yesterday. Transfers will be subject to a 0.1% fee, ranging from EGP 0.50 and EGP 20 per transaction. The fees will extend to balance inquiries and mini-statements, with users getting ten monthly fee-free\u2026","rel":"","context":"In &quot;Fintech&quot;","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2103.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609903,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/12\/this-evening-google-gives-us-two-months-of-breathing-space-on-payments-instapay-to-let-users-send-money-to-uae-jordan-and-ksa-next-year-fawry-has-not-been-the-victim-of-ransomware\/","url_meta":{"origin":609939,"position":2},"title":"THIS EVENING: Google gives us two-months of breathing space on payments + Instapay to let users send money to UAE, Jordan and KSA next year + Fawry has not been the victim of ransomware","author":"enterpriseam admin","date":"12 November 2023","format":false,"excerpt":"Hello, wonderful people. We hope Sunday has been good to you. We have an FX-heavy issue for you as the workday draws to a close, but first: PSA- ?\ufe0f Take it easy this afternoon (and early evening) on the drive home \u2014 there\u2019s a chance of rain. We\u2019ve seen isolated\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/weather-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606254,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/13\/egyptian-banks-could-fund-new-logistics-zones-at-east-port-said-port-plus-news-from-instapay-banque-misr-the-emx-and-the-sczone\/","url_meta":{"origin":609939,"position":3},"title":"Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone","author":"enterpriseam admin","date":"13 September 2023","format":false,"excerpt":"The loan could go towards one of the port\u2019s three logistics areas","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/888.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629623,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/04\/japans-saraya-mulls-another-two-sczone-projects-plus-yacht-tourism-city-lab-cairo-clinical-labs-afreximbank-instapay-mermec-kima-exits-eagles-fert-sky-abu-dhabi-azimut\/","url_meta":{"origin":609939,"position":4},"title":"Japan\u2019s Saraya mulls another two SCZone projects. PLUS: Yacht tourism, City Lab + Cairo Clinical Labs, Afreximbank, Instapay, Mermec, Kima, Exits, Eagles Fert, Sky Abu Dhabi, Azimut","author":"enterpriseam admin","date":"4 July 2024","format":false,"excerpt":"The projects would come as part of the second phase of the company\u2019s USD 25 mn investment plan in Egypt","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/683.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590368,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/18\/fawry-plans-to-expand-to-saudi-arabia-eyes-digital-banking-license\/","url_meta":{"origin":609939,"position":5},"title":"Fawry plans to expand to Saudi Arabia + eyes digital banking license","author":"enterpriseam admin","date":"18 July 2023","format":false,"excerpt":"Fawry is in talks with the Saudi central bank to acquire a license","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/669.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=609939"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609939\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609940"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609939"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609939"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}