Money transfer application, InstaPay has issued a new update regarding transfers between different bank accounts, to ensure that there are no incorrect transfers when manually writing the payment address.
Through the new update, the customer to whom the money is transferred can share and send the QRcode or the payment link to the party transferring the money.
The new update completely eliminates common errors during the money transfer process, ensuring 100 percent correct data entry, and enabling customers to complete the transfer with the highest standards of quality, ease and security.
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How to use
The new feature can be used by the customer creating a payment link and sharing it with the beneficiary.
Upon clicking the link, Instapay automatically opens the transfer page, filled with the required data such as the payment address, so that the sender of the money is only required to enter the amount and password in order to complete the process successfully.
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Withdrawal limits via InstaPay
The Central Bank of Egypt recently announced raising the maximum withdrawal limit via the application, per the following:
- Maximum withdrawal limit per transaction: LE 70,000.
- Maximum daily withdrawal limit: LE 120,000.
- Maximum monthly withdrawal limit does not exceed LE 400,000.
