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أحداث وفاعليات الهيئةFRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
FRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
Dr. Mohamed Farid:
- The digital network integrates Smart Regulation into the state’s digital transformation framework.
- Key benefits include faster transactions and greater transparency and discipline across the sector.
- Highest cybersecurity ensures robust data protection and secure financial transactions.
Aligning with Egypt’s national digital transformation strategy, Financial Regulatory Authority (FRA) has launched a digital payment network for the Non-Banking Financial Sector (NBFS). This first-of-its-kind integrated platform provides a secure, unified gateway for the digital settlement of all financial obligations.
In collaboration with e-finance, FRA has launched this network to unify the digital experience for all NBFS stakeholders. Beyond mere automation, the platform is a catalyst for institutional excellence – optimizing workflows, reducing administrative overhead, and ensuring the highest standards of regulatory governance and transparency.
Dr. Mohammed Farid, FRA Chairman stated that the launch aligns with Egypt’s national mandate for comprehensive digital transformation – a strategic pillar for driving economic growth, optimizing market efficiency, and elevating the investment climate. This initiative reflects the vision of the political leadership, headed by President Abdel Fattah El-Sisi, to foster a competitive economy powered by technology and innovation.
FRA Chairman added that the network is a practical application of the “Smart Regulation” concept. Registered entities can now complete online registration, access real-time financial claims, and settle them via secure electronic payment methods. Furthermore, they can track transaction logs and executed operations, thereby enhancing workflow efficiency and market governance.
Dr. Farid emphasized that FRA prioritizes data protection and transactional stability, stating: “The digital network bolsters data integrity and transaction accuracy, providing a stable and reliable digital environment that fosters investor confidence and strengthens the efficiency of non-banking financial markets”.
FRA Chairman noted that this launch is a pivotal step in FRA’s strategy to transition into a digital regulator. The Authority believes in the “democratization of investment and finance” and smart regulation to support national efforts in building a sustainable digital economy, increasing market competitiveness, and achieving growth based on institutional discipline.
The network enables regulated entities to register electronically, create authorized user accounts, and access various FRA services. Users can view outstanding financial claims, pay dues electronically using approved banking channels, and monitor financial histories through a dedicated transaction log.
The platform adheres to the highest standards of cybersecurity and data protection, utilizing multi-factor authentication to ensure transaction safety and data accuracy. This provides a secure and seamless user experience for all stakeholders.
To ensure continuous service efficiency, FRA provides specialized technical support in cooperation with e-finance. Regulated entities may access support through the unified hotline (19659). The platform will undergo a one-month pilot phase commencing January 1, 2026.
FRA reaffirms that this digital payment network represents a qualitative shift in the technological infrastructure of regulatory services. It reflects the Authority’s commitment to adopting modern digital solutions that support the competitiveness of NBFS markets and keep pace with the state’s vision for an integrated digital economy.
To access the platform, please visit: https://dn.fra.gov.eg/
FRA Launches First Register for Tech-based Risk Assessment Firms in non-banking finance – Monday 5 January 2026
Dr. Mohamed Farid:
- Leveraging technology to democratize finance and investment, marking transformative progress across the non-banking financial sector.
- We seek to create a flexible legislative environment that matches the rapid development of fintech ecosystem.
- A minimum capital of 10 million EGP and 3 years of experience are requirements for registration.
- A 6-month grace period to settle existing statuses.
- The Authority permits non-banking finance companies to use their own tech systems, provided they obtain official approval.
In a strategic step to enhance digital transformation and expand financial inclusion, FRA Board of Directors chaired by Dr. Mohamed Farid, issued a resolution to establish the first registry for Tech-based Risk Assessment Firms in non-banking finance.
Tech-based Risk Assessment Firms are entities that rely on modern technological tools to evaluate risks for non-banking finance more intelligently and quickly. They rely on Artificial Intelligence (AI) and digital data analysis to estimate risk levels, helping to make immediate and accurate financing decisions.
Dr. Mohamed Farid, FRA Chairman emphasized that regulating tech-driven risk assessment firms is a pivotal pillar of the Authority’s strategy. This initiative aims to establish a sophisticated legislative framework that mirrors the rapid evolution of Egypt’s non-banking fintech ecosystem.
He added that FRA has worked to democratize investment by expanding access to financial products across different segments of society. This has been achieved through developing investment funds sector and providing various tools, including crowdfunding and gold investment funds which succeeded in attracting wide segments of citizens with small investment values.
He continued: “Through this regulatory framework, we aim to democratize finance by leveraging technological systems and techniques for risk assessment in non-banking finance. This will open doors to non-banking financial services for a broader segment of citizens in a safe, sustainable, fast, and secure manner.”
FRA Board of Directors Resolution No. 279 of 2025 stipulated the establishment of a registry for Tech-based Risk Assessment Firms. It includes company name, legal form, headquarters address, name of the managing director, and contact details.
The said Resolution mandates that non-banking financial institutions (NBFIs) engage exclusively with entities listed in the official registry. Furthermore, firms are obligated to notify FRA of their intent to contract with a registered provider and must submit a copy of the agreement for review prior to execution.
Non-banking finance companies may use their own risk-assessment technologies, provided they receive official FRA approval before implementation.
FRA has established specific eligibility criteria for registration, requiring that a company’s corporate purpose explicitly include the provision of technological solutions. Applicants must maintain a minimum issued and paid-up capital of 10 million EGP (or its equivalent) and demonstrate a three-year operational track record. Alternatively, firms may qualify by holding 20 million EGP in equity or by being 50% owned by a technology firm with at least three years of experience. Furthermore, all applicants are mandated to submit financial statements audited by an FRA-certified Category (A) firm.
Under the new resolution, applicants must submit a formal request supported by a comprehensive digital business model, methodologies and algorithms, and detailed technical documentation of their infrastructure. Additionally, a proven track record and proof of payment for the 25,000 EGP examination fee are required. FRA provides a decision within a 30-day period following the submission of all regulatory prerequisites.
On the other hand, registration is granted for three years and must be renewed three months before it expires. Companies are further obligated to achieve full regulatory reconciliation within six months from the resolution’s effective date.
Registered entities must maintain strict adherence to FRA resolutions and data confidentiality standards while providing full cooperation during regulatory inspections. These firms are further required to avoid conflicts of interest and ensure the timely submission of quarterly reports.
Non-compliance triggers a range of FRA sanctions, including warnings, temporary suspensions of up to one year, or delisting. Severe violations may result in a re-entry ban of six months and up to five years or permanent removal from the registry.
This resolution accelerates digital transformation of the non-banking financial sector by leveraging AI-powered credit scoring. By modernizing risk management, the framework bolsters financial inclusion and ensures the long-term growth and stability of Egypt’s non-banking financial ecosystem.
Prime Minister Appoints Three Assistants to FRA Chairman – Wednesday 31 December 2026
Prime Minister Dr. Mostafa Madbouly has issued a decree appointing three assistants to Chairman of the Financial Regulatory Authority (FRA). The Assistants are Mr. Mahmoud Gebril, Mr. Walid Anwar, and Counselor Ahmed Mohamed Taher Sheta.
In August 2025, His Excellency President Abdel Fattah El-Sisi issued Presidential Decree No. 421 of 2025, appointing Dr. Mohamed Farid Saleh as FRA Chairman for a one-year term with the rank of Minister. This appointment marks his fourth consecutive term.
Mr. Mahmoud Gebril has held several leadership roles within FRA, including Director General of Consumer Protection, Deputy Head of the Central Department of Corporate Finance, and Deputy Assistant to FRA Chairman, prior to his recent promotion to Assistant Chairman.
Mr. Gebril holds a Bachelor of Commerce in Accounting and a Postgraduate Diploma in Capital Market Analysis from Cairo University. His international academic portfolio includes a Diploma in Islamic Finance Fundamentals from the International Institute of Finance in London, as well as a Certification in Fintech and Regulatory Innovation from the University of Cambridge’s Judge Business School.
His professional journey began in securities brokerage, followed by banking at Misr Iran Development Bank (MIDB). He later served as Executive Director of Al Ahli Fund Management, MD and CEO of Amwal Investments, and MD for Product Development at Beltone Holding.
On the other hand, Assistant Chairman Mr. Walid Anwar brings extensive expertise in the Non-Banking Financial Sector (NBFS), spanning consumer finance, leasing, factoring, mortgage finance and SME/microfinance.
He leads the oversight of the non-banking financial sector in Egypt, ensuring companies comply with regulations to maintain financial stability and safeguard customer rights.
Mr. Anwar holds MBAs from both Cardiff University (UK) and the Arab Academy for Science and Technology (2022), alongside a Bachelor of Laws (LL.B.) earned in 1996. He also holds specialized professional certifications in credit and finance, corporate valuation, and accounting from the Egyptian Banking Institute (EBI), as well as certifications in crisis management, Anti-Money laundering and combating the financing of terrorism (AML/CFT).
Counselor Ahmed Sheta possesses over 15 years of legal expertise, primarily within the economic sector. He began his career as a Teaching Assistant at the Faculty of Law (Department of Economics and Public Finance) and served for nearly seven years on the Technical Secretariat of the Ministerial Committee for Investment Dispute Resolution. Additionally, he has held various judicial positions within the State Council, serving across the Fatwa, Judicial, and Technical Office departments.
Counselor Ahmed Sheta holds several academic qualifications, including a Master’s degree (LL.M.) in Public Law, a Postgraduate Diploma in Economics and Public Finance, and a Postgraduate Diploma in Public Law, complemented by various specialized training programs.
مؤتمرات و ندوات
Press ReleasesFRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
Press ReleasesFRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
FRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
Dr. Mohamed Farid:
- The digital network integrates Smart Regulation into the state’s digital transformation framework.
- Key benefits include faster transactions and greater transparency and discipline across the sector.
- Highest cybersecurity ensures robust data protection and secure financial transactions.
Aligning with Egypt’s national digital transformation strategy, Financial Regulatory Authority (FRA) has launched a digital payment network for the Non-Banking Financial Sector (NBFS). This first-of-its-kind integrated platform provides a secure, unified gateway for the digital settlement of all financial obligations.
In collaboration with e-finance, FRA has launched this network to unify the digital experience for all NBFS stakeholders. Beyond mere automation, the platform is a catalyst for institutional excellence – optimizing workflows, reducing administrative overhead, and ensuring the highest standards of regulatory governance and transparency.
Dr. Mohammed Farid, FRA Chairman stated that the launch aligns with Egypt’s national mandate for comprehensive digital transformation – a strategic pillar for driving economic growth, optimizing market efficiency, and elevating the investment climate. This initiative reflects the vision of the political leadership, headed by President Abdel Fattah El-Sisi, to foster a competitive economy powered by technology and innovation.
FRA Chairman added that the network is a practical application of the “Smart Regulation” concept. Registered entities can now complete online registration, access real-time financial claims, and settle them via secure electronic payment methods. Furthermore, they can track transaction logs and executed operations, thereby enhancing workflow efficiency and market governance.
Dr. Farid emphasized that FRA prioritizes data protection and transactional stability, stating: “The digital network bolsters data integrity and transaction accuracy, providing a stable and reliable digital environment that fosters investor confidence and strengthens the efficiency of non-banking financial markets”.
FRA Chairman noted that this launch is a pivotal step in FRA’s strategy to transition into a digital regulator. The Authority believes in the “democratization of investment and finance” and smart regulation to support national efforts in building a sustainable digital economy, increasing market competitiveness, and achieving growth based on institutional discipline.
The network enables regulated entities to register electronically, create authorized user accounts, and access various FRA services. Users can view outstanding financial claims, pay dues electronically using approved banking channels, and monitor financial histories through a dedicated transaction log.
The platform adheres to the highest standards of cybersecurity and data protection, utilizing multi-factor authentication to ensure transaction safety and data accuracy. This provides a secure and seamless user experience for all stakeholders.
To ensure continuous service efficiency, FRA provides specialized technical support in cooperation with e-finance. Regulated entities may access support through the unified hotline (19659). The platform will undergo a one-month pilot phase commencing January 1, 2026.
FRA reaffirms that this digital payment network represents a qualitative shift in the technological infrastructure of regulatory services. It reflects the Authority’s commitment to adopting modern digital solutions that support the competitiveness of NBFS markets and keep pace with the state’s vision for an integrated digital economy.
To access the platform, please visit: https://dn.fra.gov.eg/
FRA Launches First Register for Tech-based Risk Assessment Firms in non-banking finance – Monday 5 January 2026
Dr. Mohamed Farid:
- Leveraging technology to democratize finance and investment, marking transformative progress across the non-banking financial sector.
- We seek to create a flexible legislative environment that matches the rapid development of fintech ecosystem.
- A minimum capital of 10 million EGP and 3 years of experience are requirements for registration.
- A 6-month grace period to settle existing statuses.
- The Authority permits non-banking finance companies to use their own tech systems, provided they obtain official approval.
In a strategic step to enhance digital transformation and expand financial inclusion, FRA Board of Directors chaired by Dr. Mohamed Farid, issued a resolution to establish the first registry for Tech-based Risk Assessment Firms in non-banking finance.
Tech-based Risk Assessment Firms are entities that rely on modern technological tools to evaluate risks for non-banking finance more intelligently and quickly. They rely on Artificial Intelligence (AI) and digital data analysis to estimate risk levels, helping to make immediate and accurate financing decisions.
Dr. Mohamed Farid, FRA Chairman emphasized that regulating tech-driven risk assessment firms is a pivotal pillar of the Authority’s strategy. This initiative aims to establish a sophisticated legislative framework that mirrors the rapid evolution of Egypt’s non-banking fintech ecosystem.
He added that FRA has worked to democratize investment by expanding access to financial products across different segments of society. This has been achieved through developing investment funds sector and providing various tools, including crowdfunding and gold investment funds which succeeded in attracting wide segments of citizens with small investment values.
He continued: “Through this regulatory framework, we aim to democratize finance by leveraging technological systems and techniques for risk assessment in non-banking finance. This will open doors to non-banking financial services for a broader segment of citizens in a safe, sustainable, fast, and secure manner.”
FRA Board of Directors Resolution No. 279 of 2025 stipulated the establishment of a registry for Tech-based Risk Assessment Firms. It includes company name, legal form, headquarters address, name of the managing director, and contact details.
The said Resolution mandates that non-banking financial institutions (NBFIs) engage exclusively with entities listed in the official registry. Furthermore, firms are obligated to notify FRA of their intent to contract with a registered provider and must submit a copy of the agreement for review prior to execution.
Non-banking finance companies may use their own risk-assessment technologies, provided they receive official FRA approval before implementation.
FRA has established specific eligibility criteria for registration, requiring that a company’s corporate purpose explicitly include the provision of technological solutions. Applicants must maintain a minimum issued and paid-up capital of 10 million EGP (or its equivalent) and demonstrate a three-year operational track record. Alternatively, firms may qualify by holding 20 million EGP in equity or by being 50% owned by a technology firm with at least three years of experience. Furthermore, all applicants are mandated to submit financial statements audited by an FRA-certified Category (A) firm.
Under the new resolution, applicants must submit a formal request supported by a comprehensive digital business model, methodologies and algorithms, and detailed technical documentation of their infrastructure. Additionally, a proven track record and proof of payment for the 25,000 EGP examination fee are required. FRA provides a decision within a 30-day period following the submission of all regulatory prerequisites.
On the other hand, registration is granted for three years and must be renewed three months before it expires. Companies are further obligated to achieve full regulatory reconciliation within six months from the resolution’s effective date.
Registered entities must maintain strict adherence to FRA resolutions and data confidentiality standards while providing full cooperation during regulatory inspections. These firms are further required to avoid conflicts of interest and ensure the timely submission of quarterly reports.
Non-compliance triggers a range of FRA sanctions, including warnings, temporary suspensions of up to one year, or delisting. Severe violations may result in a re-entry ban of six months and up to five years or permanent removal from the registry.
This resolution accelerates digital transformation of the non-banking financial sector by leveraging AI-powered credit scoring. By modernizing risk management, the framework bolsters financial inclusion and ensures the long-term growth and stability of Egypt’s non-banking financial ecosystem.
Prime Minister Appoints Three Assistants to FRA Chairman – Wednesday 31 December 2026
Prime Minister Dr. Mostafa Madbouly has issued a decree appointing three assistants to Chairman of the Financial Regulatory Authority (FRA). The Assistants are Mr. Mahmoud Gebril, Mr. Walid Anwar, and Counselor Ahmed Mohamed Taher Sheta.
In August 2025, His Excellency President Abdel Fattah El-Sisi issued Presidential Decree No. 421 of 2025, appointing Dr. Mohamed Farid Saleh as FRA Chairman for a one-year term with the rank of Minister. This appointment marks his fourth consecutive term.
Mr. Mahmoud Gebril has held several leadership roles within FRA, including Director General of Consumer Protection, Deputy Head of the Central Department of Corporate Finance, and Deputy Assistant to FRA Chairman, prior to his recent promotion to Assistant Chairman.
Mr. Gebril holds a Bachelor of Commerce in Accounting and a Postgraduate Diploma in Capital Market Analysis from Cairo University. His international academic portfolio includes a Diploma in Islamic Finance Fundamentals from the International Institute of Finance in London, as well as a Certification in Fintech and Regulatory Innovation from the University of Cambridge’s Judge Business School.
His professional journey began in securities brokerage, followed by banking at Misr Iran Development Bank (MIDB). He later served as Executive Director of Al Ahli Fund Management, MD and CEO of Amwal Investments, and MD for Product Development at Beltone Holding.
On the other hand, Assistant Chairman Mr. Walid Anwar brings extensive expertise in the Non-Banking Financial Sector (NBFS), spanning consumer finance, leasing, factoring, mortgage finance and SME/microfinance.
He leads the oversight of the non-banking financial sector in Egypt, ensuring companies comply with regulations to maintain financial stability and safeguard customer rights.
Mr. Anwar holds MBAs from both Cardiff University (UK) and the Arab Academy for Science and Technology (2022), alongside a Bachelor of Laws (LL.B.) earned in 1996. He also holds specialized professional certifications in credit and finance, corporate valuation, and accounting from the Egyptian Banking Institute (EBI), as well as certifications in crisis management, Anti-Money laundering and combating the financing of terrorism (AML/CFT).
Counselor Ahmed Sheta possesses over 15 years of legal expertise, primarily within the economic sector. He began his career as a Teaching Assistant at the Faculty of Law (Department of Economics and Public Finance) and served for nearly seven years on the Technical Secretariat of the Ministerial Committee for Investment Dispute Resolution. Additionally, he has held various judicial positions within the State Council, serving across the Fatwa, Judicial, and Technical Office departments.
Counselor Ahmed Sheta holds several academic qualifications, including a Master’s degree (LL.M.) in Public Law, a Postgraduate Diploma in Economics and Public Finance, and a Postgraduate Diploma in Public Law, complemented by various specialized training programs.
FRA in the Newsالقرية الذكية- 10 نوفمبر 2020 : د. عمران بصفته رئيساً لمجلس إدارة معهد الخدمات المالية يوقع اتفاقاً مع معهد دراسات البورصة IEB الإسباني لمنح درجة الماجستير في الأسواق المالية بحضور السفير الإسباني بالقاهرة ،وسفيرنا في مدريد عبر تقنية الفيديو كونفرس
FRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
القرية الذكية- 10 نوفمبر 2020 : د. عمران بصفته رئيساً لمجلس إدارة معهد الخدمات المالية يوقع اتفاقاً مع معهد دراسات البورصة IEB الإسباني لمنح درجة الماجستير في الأسواق المالية بحضور السفير الإسباني بالقاهرة ،وسفيرنا في مدريد عبر تقنية الفيديو كونفرس
FRA Launches First Integrated Digital Payment Network for Non-Banking Finance – Monday 5 January 2026
- The platform provides a unified gateway for regulated entities to settle fees for all Authority services.
Dr. Mohamed Farid:
- The digital network integrates Smart Regulation into the state’s digital transformation framework.
- Key benefits include faster transactions and greater transparency and discipline across the sector.
- Highest cybersecurity ensures robust data protection and secure financial transactions.
Aligning with Egypt’s national digital transformation strategy, Financial Regulatory Authority (FRA) has launched a digital payment network for the Non-Banking Financial Sector (NBFS). This first-of-its-kind integrated platform provides a secure, unified gateway for the digital settlement of all financial obligations.
In collaboration with e-finance, FRA has launched this network to unify the digital experience for all NBFS stakeholders. Beyond mere automation, the platform is a catalyst for institutional excellence – optimizing workflows, reducing administrative overhead, and ensuring the highest standards of regulatory governance and transparency.
Dr. Mohammed Farid, FRA Chairman stated that the launch aligns with Egypt’s national mandate for comprehensive digital transformation – a strategic pillar for driving economic growth, optimizing market efficiency, and elevating the investment climate. This initiative reflects the vision of the political leadership, headed by President Abdel Fattah El-Sisi, to foster a competitive economy powered by technology and innovation.
FRA Chairman added that the network is a practical application of the “Smart Regulation” concept. Registered entities can now complete online registration, access real-time financial claims, and settle them via secure electronic payment methods. Furthermore, they can track transaction logs and executed operations, thereby enhancing workflow efficiency and market governance.
Dr. Farid emphasized that FRA prioritizes data protection and transactional stability, stating: “The digital network bolsters data integrity and transaction accuracy, providing a stable and reliable digital environment that fosters investor confidence and strengthens the efficiency of non-banking financial markets”.
FRA Chairman noted that this launch is a pivotal step in FRA’s strategy to transition into a digital regulator. The Authority believes in the “democratization of investment and finance” and smart regulation to support national efforts in building a sustainable digital economy, increasing market competitiveness, and achieving growth based on institutional discipline.
The network enables regulated entities to register electronically, create authorized user accounts, and access various FRA services. Users can view outstanding financial claims, pay dues electronically using approved banking channels, and monitor financial histories through a dedicated transaction log.
The platform adheres to the highest standards of cybersecurity and data protection, utilizing multi-factor authentication to ensure transaction safety and data accuracy. This provides a secure and seamless user experience for all stakeholders.
To ensure continuous service efficiency, FRA provides specialized technical support in cooperation with e-finance. Regulated entities may access support through the unified hotline (19659). The platform will undergo a one-month pilot phase commencing January 1, 2026.
FRA reaffirms that this digital payment network represents a qualitative shift in the technological infrastructure of regulatory services. It reflects the Authority’s commitment to adopting modern digital solutions that support the competitiveness of NBFS markets and keep pace with the state’s vision for an integrated digital economy.
To access the platform, please visit: https://dn.fra.gov.eg/