Egypt’s CBE Increases Instapay Transaction Limits to EGP70,000

The Central Bank of Egypt (CBE) decided to increase the limit for each transaction on Instapay to EGP 70k, from EGP 50k previously, according to a recently published circular. The daily transaction limit on the CBE’s national digital payments app will become EGP 120k, up from EGP 60k previously, while monthly transactions will be capped […]