Finance:Instant Payment Network
From HandWiki
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| Product type | Instant inter-bank payment system |
|---|---|
| Owner | Central Bank of Egypt |
| Country | Egypt |
| Introduced | 22 March 2022 |
Instant Payment Network (IPN) is an Egyptian real-time payment system that was officially launched in March 2022 by the Central Bank of Egypt to facilitate instant and seamless financial transactions.[1][2][3] It enables individuals and businesses to send and receive money instantly, 24/7, across different banks and financial institutions.
It is closely linked to InstaPay, a digital payment application that acts as a gateway for users to access IPN services, enabling real-time fund transfers and improving financial inclusion in the country.
References
- ↑ "Instant Payment Network (IPN)". https://www.cbe.org.eg/en/payment-systems-and-services/instant-payment-network.
- ↑ "The Instant Payment Network (IPN) - The revolutionary new payment network". CIB. https://www.cibeg.com/en/personal/ways-to-bank/the-instant-payment-network-ipn.
- ↑ "Egypt central bank approves instant payment regulations" (in en). Reuters. 2021-11-08. https://www.reuters.com/business/finance/egypt-central-bank-approves-instant-payment-regulations-2021-11-08/.
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