Instant Payment Network (IPN)
- Geographic Reach
Egypt
- Gender
No
- Geographic Region
Northern Africa
- Coverage
Domestic
- Year Of Establishment
2022
- Ips Type
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Central bank led
- Ownership Model
Regulator-owned
- System Owner
Central Bank of Egypt
- Overseer
Central Bank of Egypt
- System Governance
Central Bank of Egypt
- Operator
Egyptian Banks Company
- Settlement Agent
Central Bank of Egypt
- Number Of Unique Ips End Users
1272000000
- Total Number Of Participants2025
37
- Number Of Direct Participants Commercial Banks
35
- Number Of Direct Participants EMoney Issuers
-
- Number Of Direct Participants MFIs
-
- Number Of Direct Participants Other
1
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
EBC
- Number Of Indirect Participants
1
- Supported Use Cases
P2P, P2B , B2B, B2P, Cross border
- Supported Instruments
Credit EFT, Debit EFT, E-money, Card
- Primary Local Channel
App
- Supported Channels
App, Browser, QR Code, POS, ATM
- Qr Code Enabled Type
Dynamic
- Messaging Standard
Proprietary
- Proxy Id
Bank account number , Mobile phone number, QR code, System released their own ID, Merchant ID
- Other Proxy Id Type
-
- Business Model
Not-for-loss
- Pricing Structure
0.1% Min or 0.5 EGP - Max. 20 EGP from the Payer customer
- Scheme Rules Public
No
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
Yes
- Api Use Function
Yes
- Startup Funding Source
-
- Participation In Decision Making
Yes
- Mechanism For Decision Making
-
- Ability To Become Direct Participants
-
- Entities That Cannot Participate
-
- Min Value For Transactions
1 EGP
- Corporate Structure
-
- Other Corporate Structure
-
- Pull Request To Pay Enabled
Yes
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Progressed
