The Egypt Financial Regulatory Authority has required factoring companies to check invoices proposed for factoring through the authority’s designated electronic system, making electronic verification compulsory to reduce the risk of duplicate financing of the same invoice. The requirement follows the launch in early February of a digital factoring system on the FRA portal, developed in partnership with eFinance. In its first phase, the platform enables factoring firms to query invoices electronically and verify whether they have already been financed, including through connectivity with relevant bodies such as the Ministry of Finance and the Egyptian Tax Authority, and allows invoices to be frozen on the system for the benefit of the factoring company for the duration of the contract. Decision No. 51 of 2026 also obliges firms to include in the factoring agreement with the seller a clause confirming that the security right securing the financing will be publicised in the Movable Collateral Registry in line with Law No. 115 of 2015. A second phase of the unified platform is planned to digitise the full factoring process from invoice verification through to settlement. The decision applies from the day after it is published in the Egyptian Gazette and on the FRA website.
Egypt Financial Regulatory Authority 2026-02-22
Egypt Financial Regulatory Authority requires factoring firms to verify invoices through its electronic platform to curb double financing
The Egypt Financial Regulatory Authority mandates factoring companies to verify invoices through its electronic system to prevent duplicate financing. The digital platform, launched with eFinance, allows electronic invoice queries and verification, connecting to the Ministry of Finance and the Egyptian Tax Authority. Decision No. 51 of 2026 also requires factoring agreements to include a clause for publicising security rights in the Movable Collateral Registry.