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Egypt

Instant Payment Network

Scheme name: Instant Payment Network

IIPS Type: Bank

Instruments: E-money

Channels: Browser, , Branch

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: Central Bank of Egypt

Overseer: Central Bank of Egypt

Operator: The Egyptian Banks Company

Total Participants: 13

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CategoryInstant Payment Network
Geographic reachDomestic
Geographic descriptionEgypt
Scheme governanceThe Egyptian Banks Company
Settlement agentCentral Bank of Egypt
Participants - commercial banks13
Participants - MMOsN/A
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 2018N/A
Values 2019N/A
Values 2020N/A
Values 2021N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyPPP
Messaging standardN/A
Types of proxy IDsProprietary proxy ID called Instant Payment Address (IPA)
Use of open APIsYes
QR code standard Yes
Pro-poor governanceOui
CB governance involvementYes
RecourseYes

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