Egypt Open Banking

Egyptian Open Banking and Instant Payment Network

ActiveOpen BankingAfrica
🌍
Jurisdiction
Egypt
📅
Effective Date
2021
Nov 1, 2021
✅
Full Compliance
2022
Mar 22, 2022
🏛️
Regulator
Central Bank of Egypt

Overview

The Central Bank of Egypt adopted open banking and instant payment regulations in late 2021. The Instant Payment Network (IPN) launched in March 2022, linking all operating banks. InstaPay became the first CBE-licensed PSP to operate over IPN, enabling customers to access all bank accounts and transfer funds instantly 24/7. The framework supports account aggregation, balance inquiries, bill payments, and transfers via QR codes.

Scope & Coverage

AISPISInstant Payments

Key Requirements

1
CBE licensing for payment service providers
2
IPN connectivity for banks
3
End-to-end encryption for sensitive data
4
Consumer consent and data privacy

Implementation Timeline

Nov 1, 2021
CBE approved instant payment regulations
Mar 22, 2022
IPN launched linking all operating banks
Apr 1, 2022
InstaPay became first CBE-licensed PSP on IPN

Official Documents & Resources

Key Notes

IPN live with InstaPay as first licensed PSP. CBE exempted individuals from IPN transfer fees from January 2024 to encourage adoption.

Official Resources

Related Regulations

Other open banking frameworks in Africa:

Need to comply with Egypt Open Banking?

Explore API aggregators that support Egypt compliance.

Want to integrate Accounting & ERP data?

Connect to 30+ accounting platforms and ERPs through a single unified API with Apideck.

Explore Apideck Accounting APIExplore Apideck ERP API