FRA Launches First Integrated Digital Payments Network for the Non-Banking Financial Sector

As part of the state’s strategy for digital transformation and enhancing the efficiency of services provided to its supervised entities, the Financial Regulatory Authority (FRA) announced the launch of the first digital payments network in the history of Egypt’s non-banking financial sector.

The new platform serves as a fully integrated electronic system that enables secure, unified, and digital settlement of financial dues.

Facilitating Transactions for All Stakeholders

Launched in strategic partnership with eFinance, the digital payments network aims to facilitate interactions between all entities operating within non-banking financial activities and the regulatory and supervisory services provided by the FRA.

The platform contributes to accelerating business cycles, reducing reliance on paper-based procedures, improving institutional performance, and reinforcing principles of governance and transparency.

Comprehensive Digital Transformation

Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, stated that the launch of the digital payments network aligns with Egypt’s national drive toward comprehensive digital transformation, a key pillar for supporting economic growth, enhancing market efficiency, and improving the investment climate.

This comes within the framework of the political leadership’s vision, led by President Abdel Fattah El-Sisi, to build a competitive economy based on technology and innovation.

Smart Regulation in Practice

Dr. Farid added that the new digital network represents a practical application of the Smart Regulation concept. Registered entities will be able to complete electronic registration, instantly review outstanding financial claims, settle dues through secure electronic payment methods, and track executed transactions and payment histories, thereby enhancing operational efficiency and strengthening governance and transparency across markets.

Enhancing Investor Confidence

He emphasized that the FRA places top priority on data protection and transaction stability, noting that the digital network enhances data integrity and transaction accuracy while providing a secure and reliable digital environment.

This, in turn, supports investor confidence and boosts the efficiency of non-banking financial markets.

Toward a Fully Digital Regulator

Dr. Farid highlighted that the launch of the digital payments network is a key milestone in the FRA’s strategy to transform into a fully digital regulatory authority, one that believes in democratizing investment and finance through smart regulation.

The initiative supports the state’s efforts to build a sustainable digital economy, enhance market competitiveness, and achieve economic growth driven by institutional discipline and modern technology.

Access to Services and Secure Transactions

The digital payments network enables entities under the FRA’s supervision to register electronically, create authorized user accounts, access various regulatory services, review financial obligations due to the Authority, and settle payments electronically through approved banking payment methods. Users can also monitor financial transactions and review detailed payment histories.

The platform operates in accordance with the highest standards of cybersecurity and data protection, supported by multi-layer verification mechanisms that ensure transaction security and data accuracy, delivering a safe and seamless user experience.

Technical Support and Pilot Phase

To ensure continuity and efficiency of services, the FRA provides dedicated technical support in cooperation with eFinance, assisting users and responding to technical inquiries via the unified hotline (19659). The platform will undergo a pilot operation phase for one month starting January 1, 2026.

The Financial Regulatory Authority affirmed that the launch of the digital payments network marks a qualitative leap in developing the technological infrastructure of regulatory services, reflecting the Authority’s commitment to adopting advanced digital solutions that enhance the competitiveness of non-banking financial markets and align with Egypt’s vision for building an integrated digital economy.

Source: Press Release