Egypt’s Financial Regulatory Authority (FRA) has launched the first integrated digital payments network in the history of the non-banking financial sector, marking a major step in the country’s push towards financial digitisation.
The new platform has been introduced through a strategic partnership with e-finance and is designed to provide a unified and secure digital payment system for entities operating under the FRA’s supervision. According to a statement, the network will support digital access to the authority’s regulatory and supervisory services across the non-banking financial sector.
The initiative is intended to simplify how companies and market participants interact with the FRA, making it easier to meet regulatory requirements and complete financial transactions electronically. By offering a single digital channel, the authority aims to improve efficiency across the sector and reduce administrative burdens.
The FRA said the platform will help accelerate workflows by limiting dependence on manual, paper-based processes. It is also expected to enhance institutional performance while strengthening governance and transparency standards within non-banking financial markets.
Mohamed Farid, Chairman of the FRA, said the launch aligns with the government’s wider digital transformation strategy, which he described as a central pillar for supporting economic growth. He noted that the move is aimed at improving market efficiency and creating a more attractive investment environment by modernising financial infrastructure.
Under the new system, entities registered with the FRA will be able to access information related to their financial claims and settle them using secure electronic payment methods. The platform will also allow users to monitor transaction histories and operational activity in real time.
According to the authority, this level of visibility is expected to improve internal controls for companies while supporting higher standards of accountability across the sector. The ability to track payments and regulatory interactions digitally is also seen as a step towards improving compliance and operational clarity.
The launch comes as Egypt continues to expand the use of digital tools across public services, with financial regulation seen as a key area for reform. By introducing an integrated payment network for non-banking financial activities, the FRA is positioning itself to play a more active role in shaping a modern, transparent and technology-driven financial ecosystem.
