24 May 2021

The CBE (Central Bank of Egypt) will discuss, in its upcoming meeting in June, extending the current waiving of fees for bank transfers in EGP and ATM usage until the end of 2021. The waiver also includes allowing for electronic wallets to be issued for free, waiving fees for money transfers done through mobile phone accounts, and issuing prepaid payment cards for free, as well as canceling fees for contactless transactions done by merchants.

The waiver was implemented in March 2020 to alleviate the impact of COVID on bank customers and is set to expire at the end of June 2021. (Source: al-Maal)