Egypt’s Financial Regulatory Authority (FRA) has launched a digital factoring system on its electronic portal in partnership with e-finance to prevent double financing risks and streamline oversight of the sector, the regulator said on Sunday. The first phase of the system allows factoring companies to conduct electronic inquiries into invoices to verify whether they have been previously funded. FRA Chairperson Mohamed Farid said the launch is a step toward building an integrated infrastructure for the digital transformation of non-banking financial services. He noted that the system employs financial technology to enhance transparency and governance while improving the speed of service delivery. Under the new mechanism, factoring firms can reserve invoices in their favour until the funding is disbursed to the seller.

Source: Daily News Egypt February 08, 2026 17:55 UTC