⚙️ Egypt🇪🇬: Banque du Caire and Telda integrate Telda's Mastercard prepaid card with InstaPay

⚙️ Egypt🇪🇬: Banque du Caire and Telda integrate Telda's Mastercard prepaid card with InstaPay

This enables instant transfers through the national payment network.

🟣 Telda cardholders can now send money through InstaPay using a phone number, bank account, card, electronic wallet, or IPA address. This integrates the card's functionality with the broad InstaPay instant payment infrastructure, allowing users to make everyday transfers directly from the Telda app.

🟣 The integration supports the plans of the Egyptian government and Central Bank to create an integrated digital payments ecosystem and expand citizens' access to financial services.

🖋 Context:

➡️ InstaPay is the official mobile application for Egypt's instant payment service, allowing users to transfer funds and pay bills through the country's instant payment network. The operator is Egyptian Banks Company, while the regulator is the Central Bank of Egypt. InstaPay operates as Egypt's national instant payment system, connecting banks, fintech companies, and mobile wallets.

➡️ Telda is an Egyptian fintech that operates a digital financial services app for managing finances. The Telda brand is primarily aimed at Generation Z and millennials and is designed to simplify P2P payments and provide an alternative to traditional banking.

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