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Product type | Instant inter-bank payment system |
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Owner | Central Bank of Egypt |
Country | Egypt |
Introduced | 22 March 2022 |
Instant Payment Network (IPN) in Egypt is a real-time payments infrastructure was officially launched in March 2022 by Central Bank of Egypt' [1] [2] to facilitate instant and seamless financial transactions [3] . It enables individuals and businesses to send and receive money instantly, 24/7, across different banks and financial institutions.
It is closely linked to InstaPay, a digital payment application that acts as a gateway for users to access IPN services, enabling real-time fund transfers and improving financial inclusion in the country.
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