Egypt’s instant payment services have recorded more than 2.4 billion transactions worth around EGP 7 trillion through September 2026, according to the Central Bank of Egypt.
Deputy Central Bank Governor Rami Aboulnaga shared the figures during the opening of a major conference on financial inclusion and electronic payments in Cairo. The event was held alongside the 30th edition of Cairo ICT.
The figures show how quickly digital payment services are becoming part of daily life in Egypt. The number of registered users on the country’s Instant Payment Network and its InstaPay application has passed 24 million.
Mobile phone wallets have also expanded. Their total number reached 67 million, with transaction values exceeding EGP 4 trillion during the same period. Internet and mobile banking services recorded an even larger combined transaction value of about EGP 13 trillion.
The Instant Payment Network was launched by the central bank in March 2022. It connects banks and payment service providers through a shared system, allowing people to transfer money in real time at any time of the day.
InstaPay is the consumer application built on this network. It allows users to send and receive money between bank accounts, Meeza cards and mobile wallets.
The growth highlights Egypt’s efforts to expand financial inclusion and reduce reliance on cash. It also shows the increasing role of digital services in the country’s banking system.
