Egypt launches new expat banking initiative to spur inflows
Egypt’s central bank and ministry of foreign affairs on Sunday launched a new initiative aimed at simplifying bank…
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money transfer
InstaPay resumes service for most banks after Ramses fire
The InstaPay money transfer app has returned to normal operations on Tuesday after a temporary disruption caused by…
Egypt’s central bank extends no fees for InstaPay services – sources
Egypt’s central bank (CBE) has postponed plans to impose fees for interbank money transfer services through…
PayPal to buy Digital Money Transfer provider Xoom
PayPal Inc said it would buy digital money transfer provider Xoom Corp (XOOM.O) for $890 million as it muscles into…
Worried Egypt Slaps New Controls On travelling With Cash
Egypt has banned travellers from carrying more than $10,000 in foreign currency in or out of the country, as…
Communications Ministry to Launch Money Transfer Services Via Mobiles Next December
The Ministry of Communications and Information Technology considers allowing mobile operators to provide a service…