Wednesday February 21st, 2024
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InstaPay Cash Withdrawals Will Be Available in ATMs Across Egypt

The service will be available by 2024, with transaction fees collected through the InstaPay app.

Cairo Scene

According to the Central Bank of Egypt (CBE), cash withdrawals with InstaPay - an online money transfer platform - will be available in ATMs across the country in 2024, with transaction fees processed via the InstaPay app.

In an effort to encourage the utilisation of e-payment platforms, CBE increased the maximum transaction limits for InstaPay in March 2023. Single transactions can now reach up to EGP 70,000, while daily transactions can amount to EGP 120,000. Additionally, the maximum limit for monthly transactions has been increased to EGP 400,000.