Egypt’s Regulator Launches First Digital Payments Network

Aiming to cut paper and speed up workflows, Egypt’s Financial Regulatory Authority (FRA) has launched the first integrated digital payment network for the non-banking financial sector, a central platform for secure, unified settlement of financial dues built in partnership with e-finance.

Through the network, entities registered with the FRA can register electronically, view outstanding claims immediately, settle dues via approved electronic banking methods, track transactions, and manage delegate accounts. Mohamed Farid, Chairperson of the FRA, described the launch as a practical application of “smart regulation” intended to accelerate workflows, reduce reliance on paper procedures, and enhance institutional performance through improved governance and transparency, adding that the environment aims to bolster investor confidence.

The platform adheres to high cybersecurity and data protection standards and uses multi-factor verification; specialised technical support is provided with e-finance via a unified contact number. A one-month pilot operation began on January 1st, 2026. The authority framed the rollout as part of its broader move to a fully digital regulatory body aligned with the state’s digital transformation strategy.