Select Countries and Regions
Egypt
Instant Payment Network
Scheme name: Instant Payment Network
IIPS Type: Bank
Inclusivity level: Basic
Year of establishment: 2022
System owner: Egyptian Banks Company
Overseer: Central Bank of Egypt
Operator: Egyptian Banks Company
Total Participants: 27
Volumes 2022: 16,000,000
Values 2022: 2,588,728,675 USD
Back to mapCategory | Instant Payment Network |
---|---|
Geographic reach | Domestic |
Geographic description | Egypt |
Scheme governance | Egyptian Banks Company |
Settlement agent | Central Bank of Egypt |
Participants - commercial banks | 27 |
Participants - MMOs | 0 |
Participants - non-bank PSPs | 0 |
Participants - MFIs | 0 |
Volumes 2018 | - |
Volumes 2019 | - |
Volumes 2020 | - |
Volumes 2021 | - |
Values 2018 | - USD |
Values 2019 | - USD |
Values 2020 | - USD |
Values 2021 | - USD |
GNI | 391,743,566,093 |
GNI (%) | 1% |
% off-us transactions | |
Interoperability arrangement | Third party |
Ownership model | Participant-owned |
Governance Typology | PPP | Messaging standard | ISO 20022 |
Types of proxy IDs | Proprietary ID |
Use of open APIs | Yes |
QR code standard | N/A |
Pro-poor governance | No |
CB governance involvement | Yes |
Expanded use Cases | No |
Minimum channel functionality | Yes |
Minimum use case functionality | Yes |
All licensed PSPs can participate (all-to-all interoperability) | No |
Recourse | No |
Not-for-loss | No |
TSP partners | N/A |
Start-up funding (US$ million) | N/A |
African IPS Map
Selected Country
Live IPS
IPS in development
No data
Select region to view data