Instapay Will Charge Fee on Transfers Starting April 1st
The transfer fee will amount to 0.1% of the total transaction.
Instapay has announced that, starting April 1st, 2025, it will introduce a transfer fee of 0.1% of the transaction value, with a minimum charge of EGP 0.5 and a maximum of EGP 20 per transaction.
Additionally, the app will offer each customer 10 free balance inquiries or mini-statement requests per month, after which a fee of EGP 0.5 per request will apply. Users will be able to view the applicable fee before confirming any transaction, and customer support will remain available through the app’s official channels.
With 12 million users by the end of 2024, Instapay aims to use this new fee structure to fund the rollout of new services and features, in line with the nation’s vision for full digital transformation.
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