Egypt · Account Transfer · Est. 2022
Egypt's instant payment network launched by the Central Bank of Egypt as part of its financial inclusion and digital transformation strategy. InstaPay enables 24/7 real-time transfers via mobile number, national ID, or account number across banks, mobile wallets, and payment service providers. With Egypt's large unbanked population (~65%), the system plays a critical role in bringing digital payments to the masses. It supports P2P, P2M, and government-to-person disbursements with growing merchant QR adoption.
InstaPay EG is Egypt’s real-time payment system (Account Transfer), launched in 2022. Egypts instant payment network launched by the Central Bank of Egypt as part of its financial inclusion and digital transformation strategy.
InstaPay EG processed 2.0 billion transactions worth $66.5bn in 2025, a year-on-year change of +33.3%.
InstaPay EG is operated by CBE, with instant settlement.
InstaPay EG launched in 2022, and today has 40 participating institutions.
InstaPay EG supports proxy/alias lookup, ISO 20022 messaging.
Data source: CBE.
| Capability | Status |
|---|---|
| QR Code Payments | ◐ |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | ✓ |
| Request to Pay | — |
| Open API | ◐ |
| Alias/Proxy | ✓ |