Arab Finance: aiBANK, a 51%-owned subsidiary of EFG Holding, has joined the Instant Payment Network (IPN) via the InstaPay App, according to an emailed release on July 10th.
This enables the bank’s customers to transfer money instantly between bank accounts and to bank cards and e-wallets through their mobile phones.
“Access to InstaPay App will offer our customers a new level of convenience and flexibility in managing their finances and making timely transactions,” Senior Director of Consumer and Business Banking at aiBANK Iman Badr commented.
“Our presence on the app also aligns with the bank’s commitment to contributing to the nationwide directives of promoting digital transformation and financial inclusion,” she added.