CBE launches cash withdrawal from ATMs for InstaPay users soon

The Deputy Assistant Governor of the Central Bank of Egypt for Banking Operations and Payment Systems Ehab Nasr, announced on Thursday that more services will be launched on the InstaPay application in the near future, including cash withdrawal services through ATMs.

Next year will witness the availability of a new type of license for financial technology companies, he added, to connect with the real-time payments system other than the InstaPay app.

It will add new and advanced services capable of achieving a boom in transactions, and support the state’s plan to transform Egypt into a society less dependent on banknotes.