eFinance: Launch of First Digital Payments Network for Non-Banking Financial Sector Marks Strategic Milestone
Ibrahim Sarhan, Chairman of eFinance, stated that the strategic partnership with Egypt’s Financial Regulatory Authority (FRA) and the launch of the first fully integrated digital payments network for the non-banking financial sector represents a major strategic milestone in the company’s growth journey and a scalable entry point into one of Egypt’s fastest-growing and most diversified economic sectors.
Sarhan explained that the digital payments network goes beyond being a mere operational solution, forming the foundation of a comprehensive digital financial infrastructure that can be expanded in the future to deliver value-added services. The platform also opens broader opportunities for cooperation with the FRA to develop more integrated digital services that support companies and entities under the Authority’s supervision.
He emphasized that the new platform enhances transaction efficiency, improves user experience, supports sustainable growth opportunities, and maximizes returns on eFinance’s investments in national digital infrastructure, reinforcing the company’s role as a strategic partner to the Egyptian state in driving digital transformation and financial market development.