{"id":663006,"date":"2025-03-26T00:00:00","date_gmt":"2025-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/instapay-will-introduce-transfer-fees-next-month\/"},"modified":"2025-03-26T00:00:00","modified_gmt":"2025-03-26T00:00:00","slug":"instapay-will-introduce-transfer-fees-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/instapay-will-introduce-transfer-fees-next-month\/","title":{"rendered":"Instapay will introduce transfer fees next month"},"content":{"rendered":"

Instapay transfer fees come into effect on Tuesday, 1 April<\/strong>, the central bank\u2019s digital payment platform announced<\/a> 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 inquiries beyond that they will be subject to a EGP 0.50 fee.<\/p>\n

The platform clocked up 1.5 bn transactions in 2024<\/strong>, amounting to EGP 2.9 tn that was sent and received by the applications 12.5 mn users.<\/p>\n

Instapay was launched in 2022<\/strong>, providing instant and secure payments between Egyptian banks, pre-paid cards, and mobile wallets. It was launched on the heels of the fintech boom that took place during the covid pandemic and has since played an important role in the central bank\u2019s drive for financial inclusion. <\/p>\n

REMEMBER- <\/strong>The CBE recently gave the green light<\/a> to a number of banks to start accepting Egypt-bound remittances from abroad through Instapay as part of efforts to strengthen the infrastructure of electronic financial services.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 inquiries beyond that they will […]<\/p>\n","protected":false},"author":1,"featured_media":663007,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,183,1458],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-enterpriseam","tag-fintech","tag-instapay","wpautop","entry"],"acf":{"mongo_id":"a142d443-7edb-4630-8f94-086cf9587bdb","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2103.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Instapay will introduce transfer fees next month","related_issue":[662994],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0db0651b-2d70-4fc0-88d5-010e1f992f6c.mp3"},"yoast_head":"\nInstapay will introduce transfer fees next month - 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\/2025\/03\/26\/instapay-will-introduce-transfer-fees-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Instapay will introduce transfer fees next month\" \/>\n<meta property=\"og:description\" content=\"Instapay transfer fees come into effect on Tuesday, 1 April, the central bank\u2019s digital payment platform announced yesterday. 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We have all the latest for you today on the Central Bank of Egypt\u2019s decision to extend Instapay transfer fee exemptions through March, Eni\u2019s postponement of planned drilling operations, and the secret behind Reddit\u2019s recent stock\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2024\/12\/2574.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582537,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/09\/this-evening-egx-looking-at-new-temporary-listings-inflation-surges-in-february-cbe-hikes-instapay-transaction-limits\/","url_meta":{"origin":663006,"position":5},"title":"THIS EVENING: EGX looking at new temporary listings + Inflation surges in February + CBE hikes InstaPay transaction limits","author":"enterpriseam admin","date":"9 March 2023","format":false,"excerpt":"Happy THURSDAY, friends. 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