The Financial Regulatory Authority (FRA) has launched the first integrated digital payment network for the non-banking financial sector as a central platform for the secure and unified digital settlement of financial dues.
The network, established through a strategic partnership with e-finance, is designed to facilitate interactions between entities operating in non-banking financial activities and the regulator’s oversight services. Mohamed Farid, Chairperson of the FRA, stated that the launch represents a practical application of “smart regulation” intended to accelerate workflows, reduce reliance on paper procedures, and enhance institutional performance through improved governance and transparency.
Under the new system, entities registered with the authority can register electronically, access immediate information regarding outstanding financial claims, and settle dues using approved electronic banking payment methods. The platform also allows users to track transaction histories and manage delegate accounts, which Farid noted would bolster investor confidence by providing a reliable and stable digital environment for the markets.
Farid emphasised that the initiative aligns with the Egyptian state’s strategy for comprehensive digital transformation, which is viewed as a primary pillar for supporting economic growth and improving the investment climate. He added that the digital network ensures data integrity and transaction accuracy while promoting a competitive economy based on technology and innovation.
The digital platform adheres to high cybersecurity and data protection standards, utilizing multi-factor verification mechanisms to ensure secure usage. To maintain service efficiency, the FRA is providing specialised technical support in collaboration with e-finance through a unified contact number. A one-month pilot operation phase for the platform commenced on Jan 1, 2026.
The authority described the launch as a qualitative shift in the technological infrastructure of regulatory services. This development is part of the FRA’s broader strategy to transition into a fully digital regulatory body that supports the state’s efforts to build a sustainable digital economy and enhance market competitiveness through modern technology and institutional discipline.
