InstaPay Transactions Reach EGP 7 Trillion Through September

Transactions through Egypt’s Instant Payment Network and InstaPay application exceeded 2.4 billion with a combined value of around EGP 7 trillion through September 2026, according to Deputy Governor of the Central Bank of Egypt Rami Aboulnaga.

Aboulnaga announced the figures during the opening of the 13th PAFIX financial inclusion and electronic payments conference and exhibition, held alongside the 30th edition of Cairo ICT. Registered users on the platform surpassed 24 million over the same period.

Mobile phone wallets also recorded strong growth, reaching 67 million wallets with transactions worth more than EGP 4 trillion through September. Transactions conducted through internet and mobile banking services reached around EGP 13 trillion.

The Central Bank launched the Instant Payment Network in March 2022 to connect banks and payment service providers through shared infrastructure and enable real-time transfers around the clock. InstaPay serves as the network’s consumer-facing application, allowing transfers between bank accounts, Meeza cards and mobile wallets. QR-code payments were added to the app in June 2024.

Aboulnaga said the growth reflects the expansion of digital financial services across Egypt’s banking sector, supported by Central Bank initiatives intended to increase access to electronic payment channels and financial services.