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The Central Bank of Egypt announced the official launch of the national system for the instant payments network and the InstaPay application for banking sector customers: allowing financial transactions to be conducted electronically and instantly.
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"The launch of the new Instant Payment Network marks a key milestone on our roadmap for the national payment landscape. Our goal is to ensure the sovereignty of payments in Egypt, promote the National Payments Council’s vision of transforming the society towards less dependency on banknotes, and enabling convenient, secure, and affordable digital financial transactions for all Egyptians."
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