Central Bank of Egypt Issues New Decrees for Extending the Exemption of Individuals from Transfer Fees via Instant Payment Network and InstaPay Application

As Part of its Ongoing Efforts to Promote Egypt's Digital Transformation Strategy

Cairo - Eco - Fady Labib : In alignment with Egypt's Vision 2030 to promote digital transformation, the Central Bank of Egypt’s (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 ...