Bank transfers & instant payments · On request
InstaPay
InstaPay is the app of Egypt's Instant Payment Network (IPN), launched in 2022 and operated by the Egyptian Banks Company under the Central Bank of Egypt: a payer links a bank account once and then sends money to any account, card or wallet in Egypt around the clock, confirming each transfer in the app, and the recipient has it in seconds. For a checkout it is a bank transfer with an immediate result and no chargebacks; the same network carries payouts, and a Tranzify client enables it on request.
Key facts
- Countries
- Egypt
- Currencies
- EGP
- Operations
- Pay-in · Payout · Refund
- Settlement
- instant
- Chargebacks
- not possible
How a payment goes through
- 1The checkout shows the account details, the amount and a reference
- 2The payer sends the transfer from their banking app
- 3The provider matches the incoming transfer by reference and amount
- 4Webhook to the merchant; unmatched transfers are refunded
How a payment goes through
- The checkout offers InstaPay and shows the payee’s InstaPay address or a QR code with the amount.
- The payer opens the InstaPay app, checks the amount and confirms the transfer with a PIN.
- The network moves the money between the banks in seconds; the provider matches the transfer and confirms.
- Tranzify writes the result and calls the merchant’s webhook.
InstaPay against Fawry in Egypt
Fawry is the reference code paid in cash at a retail point; InstaPay is the account-to-account transfer from a phone. The two reach different payers: cash users and bank account holders.
| InstaPay | Fawry | |
|---|---|---|
| What it is | an instant transfer between bank accounts | a code paid in cash at retail points |
| What the payer needs | a bank account linked in the InstaPay app | cash and the code |
| Confirmation | seconds | when the point reports the cash |
| Settlement | instant | T+1 |
| Chargebacks | none | none |
| Refunds | yes, as a transfer back | not through the method |
| Recurring | no | no |
| Payouts | yes, to any account in Egypt | no |
Who uses it
E-commerce for larger baskets paid straight from the account, fintech and neobanks for account top-ups, digital goods for deposits from payers who hold no card. A client (a payment company) enables Paymob for InstaPay under its own contract, under the Central Bank of Egypt’s rules; the integration is enabled on request.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
On request — Request this integration
Industries
Frequently asked questions
How does the payer pay with InstaPay?+
Are there chargebacks?+
What are the limits?+
Related methods
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