Egypt has officially launched a new instant international money transfer service through a government-aligned digital wallet platform, allowing citizens to receive remittances directly and securely from the United Arab Emirates and Saudi Arabia.

The initiative enables users to access transferred funds immediately without the need to visit physical branches or rely on third-party intermediaries. This is reported by
Daily News Egypt, a partner of TV BRICS.

Experts believe that the service, introduced in collaboration with the country’s banking sector, represents a major leap in accessibility for millions of Egyptians who rely on income from relatives working abroad.

By integrating international remittances into Egypt’s expanding digital financial framework, the initiative supports the state’s objectives to empower citizens with practical tools for economic participation, the source claims.

Additional expansion to other remittance corridors is anticipated in the near future.

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