Egypt has officially introduced a new instant international money transfer service that allows citizens to receive remittances directly from the United Arab Emirates and Saudi Arabia. This service operates through a government-aligned digital wallet platform, enhancing the ease and security of receiving funds from abroad.

The initiative enables users to access transferred money immediately without the need to visit physical bank branches or depend on third-party services. This information was reported by Daily News Egypt, a partner of TV BRICS. Experts suggest that this service, developed in collaboration with Egypt’s banking sector, represents a significant advancement in accessibility for millions of Egyptians who depend on financial support from relatives working overseas.

By incorporating international remittances into Egypt’s expanding digital financial framework, the initiative aligns with the government’s goals of providing citizens with effective tools for economic participation. Additionally, there are plans for future expansions to other remittance corridors, indicating a broader strategy to enhance this service.