- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- EGP
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks in Egypt (list available)
- Cutoff & delivery timing
-
T+1, Cut off time 13:00pm GMT for Bank Transfer during Sunday to Thursday.
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter DOB Remitter ID Issue Date Remitter ID Expiry Date Remitter Country Code Remit Purpose Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number - IBAN Beneficiary Country Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Statement narrative and remitter name will not be visible to the beneficiary.
- Notes
-
Remitter ID Issue Date, Remitter ID Expiry Date and Remitter DOB are only required for P2P payouts. To check the supported banks, please use the API given on the link: https://docs.nium.com/apis/reference/searchroutingcodeusingbankname or get in touch with your respective AM.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | EGP 1 | EGP 1 | EGP 1 | EGP 1 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2P, P2P
- Supported Currencies
- EGP
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- Vodafone Cash, Orange Cash, We Pay, Etisalat Cash, Qahera Cash, Phone Cash, ABK Wallet, Audi2pay, Cashati, Ma7fazty, BM Wallet, Smart Wallet, UB Wallet, AAIB Pay, QNB Wallet, E-Pocket, Masarify 3altayer, Suenz Canal Bank Wallet, JEBE, NBK Wallet, Flousy Phone
- Cutoff & delivery timing
-
T0, Wallet payouts can be processed anytime of the day during Sunday to Thursday with no cut off time applicable.
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter DOB Remitter ID Issue Date Remitter ID Expiry Date Remitter Country Code Remit Purpose Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number - mobile number Beneficiary Contact Number
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Statement narrative and remitter name will not be visible to the beneficiary.
- Notes
-
Remitter ID Issue Date, Remitter ID Expiry Date and Remitter DOB are only required for P2P payouts.
| B2P | P2P | |
|---|---|---|
| Min | EGP 1 | EGP 1 |
| Max | EGP 30,000 | EGP 30,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- EGP
- Network Participant
- VISA
- FX Source
- Live Interbank based rates from NIUM are available 24x7, including off-market hours
- Cutoff & delivery timing
-
1. 24x7 Availability
2. Real-time for Fast fund Enabled (Details on fast-fund enabled countries available on request)
3. T+2 for other countries
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Identification Number Remitter Country Code Beneficiary Card Number Beneficiary Name Beneficiary Country Code
- Notes
-
For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available. Origination of funds is allowed only from a set of countries as mentioned in the table below. In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer. In few countries, only few banks may allow the transactions. Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card. Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | USD 50,000 | USD 50,000 | USD 2,500 | USD 50,000 |