FRA Chairman Mohamed Farid. Photo courtesy of FRA.
The new digital platform aims to facilitate digital payment of financial obligations and access to regulatory and supervisory services for all non-banking financial entities, through the Smart Regulation concept, in partnership with Egypt’s leading investment management firm eFinance.
The platform uses evidence-based and context-specific policies to provide stakeholder-involved outcomes while adapting to the changing market.
The FRA supervises and regulates the country’s non-banking financial markets such as insurance, capital markets, mortgage finance, financial leasing, and securitization to ensure transparency, market stability, and investor protection. It also handles licensing entities and oversees activities.
Moreover, FRA-registered entities will be able to use the platform to access any outstanding financial claims, make payments, and track transaction status and history, as the non-banking financial sector continues to play a major role in Egypt’s economy.
FRA Chairman Mohamed Farid confirmed that the platform “enhances data integrity and transaction accuracy, providing a stable and reliable digital environment that bolsters investor confidence and strengthens the efficiency of non-banking financial markets,”
The platform is part of Egypt’s digital transformation strategy, hoping to expedite institutional workflow, reducing reliance on paper to zero and improving performance, government transparency, and “build a competitive economy based on technology and innovation,” Farid said. It relies on cybersecurity and data protection with several layers of verification mechanisms to ensure transaction security, data accuracy, and seamless user experience.
The total size of non-banking financial activities, including both capital market operations and non-banking finance services, reached EGP 773 billion in July 2025, according to FRA data. The sector's assets recorded a 22.7 percent increase in 2024, representing a total of 6.5 percent of the total financial system assets.
The government has been considering ending some in-person public services and offering them only through the Digital Egypt platform as part of its plan to improve efficiency, advance nationwide digital transformation, simplify public service delivery, reduce bureaucracy, and promote transparency. The state is also committed to implementing AI in its digital transformation strategy, having already included it in its tax system for the Egyptian Tax Authority.
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