The Egypt Financial Regulatory Authority has trained factoring companies to use its digital platform, developed with eFinance, to check whether invoices have already been financed and prevent multiple factoring transactions involving the same receivable. The training covered compliance with requirements to freeze invoices in favor of the factoring company for the contract term and register financing-related security rights in the Movable Collateral Registry. Factoring activity expanded in the first quarter of 2026, with outstanding receivables increasing 48.7% from a year earlier. The number of clients rose 28.2% to 958, while the value of factored receivables exceeded EGP 40 billion, up from EGP 29.4 billion. The number of licensed factoring companies declined to 39 from 41. The authority plans to develop the platform to digitize the full factoring process, from invoice checks during credit assessment through the prevention of duplicate financing, invoice freezing and final settlement.
Egypt Financial Regulatory Authority2026-08-06
Egypt Financial Regulatory Authority trains factoring companies on digital platform to prevent duplicate financing
The Egypt Financial Regulatory Authority has trained factoring companies to use a digital platform that checks invoices for prior financing and prevents duplicate factoring. It plans to expand the system to cover the full factoring process, while first-quarter 2026 factored receivables exceeded EGP 40 billion.