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The InstaPay mobile instant transfer application is back to full operation after experiencing a technical outage yesterday that lasted several hours in some banks, causing difficulties in executing transfers and checking balances for certain users. The outage was caused by system updates in two major banks, but the service is now functioning well across most banks. InstaPay is highly popular, having attracted around 22 million users since its launch in March 2022. As of June 2023, the total number of transactions on the network reached approximately 1.47 billion, totaling 4.33 trillion Egyptian pounds, according to the Central Bank Governor.
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