InstaPay to enable QR code-based payments between individuals within days in Egypt

Tracking bank account transactions with mobile banking. Image used for illustrative purpose. Getty Images
Getty Images

the Central Bank of Egypt (CBE) is working on allowing individual payments to merchants via a QR code later this year

Staff Writer, Arab Finance

June 3, 2024

PHOTO
Tracking bank account transactions with mobile banking. Image used for illustrative purpose. Getty Images

The InstaPay App will introduce a new feature enabling instant payments between individuals via a QR code within a few days, Asharq Business reported.

Moreover, the Central Bank of Egypt (CBE) is working on allowing individual payments to merchants via a QR code later this year.

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