Instant Payment Network (IPN)
- Geographic Reach
Egypt
- Gender disaggregated data
No
- Geographic Region
Northern Africa
- Coverage
Domestic
- Year Of Establishment
2022
- IPS
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 Participants
37
- Number Of Direct Participants: Commercial Banks
35
- Number Of Direct Participants: E-money 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 Functionality
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
Meeza Digital
- Geographic Reach
Egypt
- Gender disaggregated data
No
- Geographic Region
Northern Africa
- Coverage
Domestic
- Year Of Establishment
2017
- IPS
Mobile-money
- 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
Banks, MNOs, fintechs, payment companys & PSPs
- Settlement Agent
Central Bank of Egypt
- Number of Unique IPS End Users
32500000
- Total Number Of Participants
218
- Number Of Direct Participants: Commercial Banks
21
- Number Of Direct Participants: E-money Issuers
27
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
170
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B, B2B, G2P, B2P, Cross border
- Supported Instruments
Credit EFT, Debit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), Agent (banking), App, NFC, QR Code, POS, ATM
- QR Code Enabled Type
Both
- Messaging Standard
Proprietary
- Proxy ID
Mobile phone number, Merchant ID, National ID number
- Other Proxy ID Type
-
- Business Model
For-profit
- Pricing Structure
-
- Scheme Rules Public
No
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
-
- Participation in Decision Making
Yes
- Mechanism for Decision Making
-
- Ability to become Direct Participants
Yes
- 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
Yes
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Basic
