🇪🇬 Pay Suppliers in Egypt
Pay Egyptian suppliers for textiles, agricultural products, chemicals, construction materials
T+0 (2.3s avg within Unicorn network). Save 84% vs traditional banks.
What you need to send money to Egypt
What details do I need to pay suppliers in Egypt?
To pay suppliers in Egypt you need the recipient's SWIFT + Account (SWIFT/BIC or Egyptian National Clearing Code), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Egypt?
Payments to Egypt settle in an average of 2.3 seconds when using local rails such as InstaPay Egypt, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Egypt?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 84% versus banks (e.g. £505 vs £3225 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Egypt
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 3.2% | 0.5% |
| Payment Fee | £25 | £5 |
| Total Cost (£100,000) | £3,225 | £505 |
| YOUR SAVINGS | N/A | £2,720 (84%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Egypt
Avoid expensive SWIFT fees. We use local payment systems in Egypt for faster, cheaper settlement.
InstaPay Egypt
Egypt instant payment system, growing adoption
RTGS Egypt
Central Bank of Egypt RTGS for large payments
ACH Egypt
Egyptian automated clearing house
Who Uses This Payment Corridor
Key Industries in Egypt
- Textiles
- Agriculture
- Chemicals
- Construction
- Food Processing
Average Transaction: £30k-£140k
Typical Monthly Volume: £190k-£1.9M
Popular Supplier Types
- Textile factories (Cairo, Alexandria)
- Agricultural exporters (Nile Delta region)
- Chemical plants (Alexandria, Port Said)
- Construction material suppliers (Cairo, Giza)
What You Need to Know: Egypt Payments
Regulatory Considerations
- Central Bank of Egypt FX regulations
- Egyptian Customs documentation
- VAT (14%) on goods and services
- Import licensing for certain sectors
Payment Tips for Egypt
- Egypt = Cotton/textile exporter, Suez Canal logistics hub
- InstaPay gaining traction for EGP payments
- Cairo + Alexandria = Main business centers
- Currency volatility - FX hedging recommended
Why Choose Unicorn for Egypt Payments
Local Rails, Not SWIFT
We use InstaPay Egypt and other local systems in Egypt. Avoid 3-4% SWIFT fees and 2-3 day delays.
84% Lower Costs
Save £2,720 on every £100,000 payment. On £190k-£1.9M monthly volume, save up to £81,600 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Egypt payments.
Real-Time FX Tracking
Upload supplier invoices in EGP. See live P/L as GBP/EGP rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Egypt? Save 84%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Egypt
For businesses with high annual FX volume. Not consumer transfers.