Instant payment network allows its customer to send and receive money instantly and 24/7, which mean that any transfer shall hit the beneficiary account in matter of seconds.
IPN allows its customer to send money through the following channels:
IPN allows its customer to send money to any of the following:
Available functions when using InstaPay apps:
What is IPA (instant Payment Address)?
IPA is a unique payment address defined by the consumer for each onboarded account; this simplified address can be used to receive money and could be exchanged between customers instead of the account number.
Key Features of this service through the preferred application:
A Customer start the enrollment process by opening the preferred downloaded application, the application will guide the customer to create the profile as follow:
The Customer will be able to send money through the sending money option in their preferred application from their enabled accounts, by:
Customers can always check their transactions history and balance through their apps, they can even have access to a mini-statement.
Limit per transaction : 70,000 EGP
Limit per day : 120,000 EGP
Limit per month : 400,000 EGP