The Egypt Financial Regulatory Authority has launched what it describes as the first digital payments network in the non-banking financial sector, providing an integrated electronic platform for supervised entities to pay amounts due for FRA services through a unified digital channel. The platform, developed in a strategic partnership with eFinance, enables electronic registration, the creation of authorised user accounts, immediate viewing of outstanding financial claims payable to the FRA, and settlement using approved banking electronic payment methods. It also provides transaction monitoring and access to a paid-transaction history, with the FRA positioning the move as a shift away from paper-based processes intended to reduce processing time and strengthen governance and transparency. The FRA stated the network was designed to high cybersecurity and data-protection standards and uses multiple verification mechanisms to support transaction integrity. A one-month pilot phase runs from 1 January 2026, supported by dedicated technical assistance delivered with eFinance.
Egypt Financial Regulatory Authority 2026-01-05
Egypt Financial Regulatory Authority launches a digital payments network for regulated non-banking financial services with a pilot from 1 January 2026
The Egypt Financial Regulatory Authority has launched the first digital payments network in the non-banking financial sector, offering an integrated electronic platform for payments to the FRA. Developed with eFinance, the platform supports electronic registration, transaction monitoring, and enhanced governance, with a focus on cybersecurity and data protection. A one-month pilot phase began on 1 January 2026.