🇨🇦→🇪🇬
Send Money from Canada to Egypt
Businesses in Canada paying Egypt suppliers for Textiles. Send CAD from Canada, receive EGP in Egypt with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local EGP delivery = no correspondent bank fees
Save £2,720 per £100k Payment
Canada to Egypt corridor savings
Traditional Bank
£3,225
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ InstaPay Egypt
Your Savings
84%
£2,720 per £100k
At £300k-£3M monthly, save £6,807/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Egypt: Compliance & Requirements
Regulatory Considerations
- Central Bank of Egypt FX regulations
- Egyptian Customs documentation
- VAT (14%) on goods and services
- Import licensing for certain sectors
Payment Best Practices
- Egypt = Cotton/textile exporter, Suez Canal logistics hub
- InstaPay gaining traction for EGP payments
- Cairo + Alexandria = Main business centers
- Currency volatility - FX hedging recommended
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via InstaPay Egypt
Canada → Egypt Corridor Insights
Popular Industries
- Textiles
- Agriculture
- Chemicals
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Egypt?
Save 84% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB