- Egypt launches its first integrated digital payments network dedicated to the non-banking financial sector.
- The platform enables secure electronic registration, real-time payment tracking, and faster regulatory transactions.
- The initiative strengthens digital transformation, governance, and data security across non-banking financial markets.
Egypt has taken a new step forward in its digital transformation journey with the launch of the first fully integrated digital payments network for the non-banking financial sector. The initiative was announced by the Financial Regulatory Authority in strategic partnership with eFinance.
The new platform introduces a unified electronic system that enables secure and efficient digital payment of financial dues related to services provided by the Authority, marking a first-of-its-kind development for the sector.
A Unified Platform for Non-Banking Financial Services
The digital payments network has been designed to streamline interactions between entities operating in the non-banking financial sector and the Financial Regulatory Authority. By digitizing payment processes, the platform aims to accelerate transaction cycles, reduce reliance on paper-based procedures, and improve overall institutional efficiency.
The initiative also supports stronger governance, transparency, and operational discipline across non-banking financial markets.
Smart Regulation in Practice
According to Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, the launch of the digital payments network aligns with Egypt’s broader national strategy for comprehensive digital transformation, which is considered a key driver of economic growth, market efficiency, and investment climate improvement.
He explained that the platform represents a practical implementation of the Smart Regulation concept, enabling regulated entities to complete electronic registration, view outstanding financial obligations in real time, settle payments through secure digital channels, and track transaction history. These features significantly reduce processing time while enhancing transparency and regulatory compliance.
Data Protection and Transaction Security
Data protection and transaction stability remain top priorities within the new system. The platform operates within a secure and reliable digital environment, designed to protect sensitive information and ensure transaction accuracy, thereby reinforcing investor confidence and market integrity.
A Strategic Expansion for eFinance
From eFinance’s perspective, the partnership represents a strategic milestone and an organized entry point into the non-banking financial sector, one of Egypt’s fastest-growing and most diversified markets.
Ibrahim Sarhan, Chairman of eFinance, stated that the digital payments network goes beyond being a standalone operational solution. Instead, it serves as the foundation for a broader digital financial infrastructure that can be expanded to deliver value-added services and deeper integration with regulatory systems in the future.
Integrated Services for Regulated Entities
Through the platform, entities under the Authority’s supervision can:
Register electronically and create authorized user accounts
Access regulatory services digitally
View outstanding financial claims
Settle payments electronically using approved banking payment methods
Monitor financial operations and transaction records
The system is built in line with advanced cybersecurity and data protection standards, supported by multi-layer verification mechanisms to ensure secure and seamless user experience.
A Milestone in Egypt’s Regulatory Digital Infrastructure
The Financial Regulatory Authority emphasized that the launch of the digital payments network marks a qualitative shift in the development of regulatory technology infrastructure. The initiative reflects a shared commitment with eFinance to adopt modern digital solutions that enhance the competitiveness of non-banking financial markets and support Egypt’s transition toward a sustainable, integrated digital economy.
