More than 11 million Egyptian citizens use the “InstaPay” application, which specializes in transferring money, and which has made it easy for many people to make financial transactions. It is one tick and it is all fine, and this is instead of taking a trip to the nearest ATM or visiting any bank branch… What is new? In the InstaPay 2025 application after the recent Central Bank decision.. Stay with us until the end and you will know the details.
Many people, especially those who have commercial transactions, are looking at the withdrawal limits from InstaPay, especially after adjusting the maximum daily and monthly transactions, and the maximum limit for one transaction on the digital application, according to the rules regulating the services of the instant payment application, InstaPay, or the national system for instant payments.
In the latest update by the Central Bank of Egypt, the withdrawal limits from the Insta application vary. The maximum withdrawal limit for one transaction reaches 70 thousand pounds, and the maximum number of transactions per day is 120 thousand pounds. However, over the course of a month, withdrawals must not exceed 400 thousand pounds.
We can say that one of the most important features of the “InstaPay” application is that it allows you to have direct access to all your bank accounts and transfer money instantly through your mobile phone, so you open the application and then click on send money, and in the next step you click on the phone number, Then, sign a bank account, and after all these steps, you enter the required data, which is the phone number, the amount, then click on Next, and review the transfer data.
Finally, the 6-digit IPN PIN is entered, then you press Enter, and from here the transfer has been completed successfully.
If you have been using InstaPay all along, we will tell you some important information. You must know the important information about the application before subscribing and conducting cash transactions, such as the service of withdrawing money from the program that is done via ATM is not available at the moment, and the Egyptian Post is not participating in the service. It is also not possible to add Visa purchases to the InstaPay application.
In addition to all this, if the transfer from the wallet to the program is not suitable, but the opposite is valid, InstaPay allows the transfer to a wallet or bank account without any fees for all transfers.
One of the most important features of InstaPay is that it allows you to link all different customers’ bank accounts into one mobile phone application, and it enables you to make instant transfers from your accounts within the banks registered on the network in Egypt, as well as instant transfers within the accounts of the Egyptian banking network, digital wallets, and the Meeza card.
It is available to inquire about the balance of accounts and issue a mini bank statement, in addition to adding multiple bank accounts within the network of Egyptian banks.
Finally, if you are using InstaPay, take good care when transferring, because if you accidentally send out someone’s transfer, it is very possible that you will lose your money.
Ok, what are the new features in Instagram?
Look, sir, transferring money by mistake via InstaPay is a big problem that many users of the application encounter. They face an obstacle in recovering this money, and this prompted the Central Bank to update the application in order to ensure that the customer does not fall into these problems.
For this reason, the Central Bank has provided the service of transferring money and paying bills by using the Payment Link of the customer’s account, so that he can use the quick response code QRcode. To ensure that the money is transferred to the wallet or account to which it is intended to be transferred, all of this ensures that the money is not transferred by mistake through InstaPay.
Through the Payment Link or sending the QRcode, the customer can use the link or link sent to him by the recipient for the transfer. The link includes all the customer’s data without the need to write any other information, other than specifying the required amount, sending it, and confirming the transfer process after entering the password. .
The Central Bank of Egypt recently announced the launch of a money transfer service through the application for Egyptians abroad, and through it, in a very easy way, incoming transfers in any foreign currency are received, and then converted to the Egyptian pound in their accounts in real time.
Also, if you are transferring money from outside Egypt, in an easy way, incoming transfers in any foreign currency are received and transferred to the Egyptian pound in their accounts instantly. This service was officially launched by the bank, and it operates at any time and throughout the week.
Also, the service of receiving external transfers electronically will allow customers to transfer money from abroad to inside Egypt.
