21 Hrs
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الاقتصادية
Egyptian Banks Adopt ISO 20022 in SWIFT Transfers
On June 21, 2026, the Central Bank of Egypt began adopting the ISO 20022 standard for SWIFT messages related to cross-bank financial transfers, in order to enhance the modernization of the Egyptian banking sector. The standard aims to accelerate transfer processing, improve data quality, and reduce manual intervention, thereby supporting financial innovation and boosting the efficiency of digital payments, in line with global standards. This update will enable improvements to the real-time settlement system and further integrate Egypt with international payment networks, a move that aligns with similar regional initiatives by countries such as the UAE and Saudi Arabia.
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