5 Key Questions Answered About Egypt’s New FRA Sandbox
Egypt’s Financial Regulatory Authority (FRA) unveiled its inaugural regulatory sandbox for non-banking financial services (NBFS) on Wednesday, July 23, 2025, at the FRA Fintech Forum in Cairo. This initiative underscores Egypt’s commitment to embracing the burgeoning digital finance landscape, as highlighted by Dr. Mohammed Farid, Chairman of the FRA. He noted the global trend, with over 60 countries already utilizing digital finance regulatory platforms, emphasizing the urgency for Egypt to stay at the forefront of innovation within the African tech space. The FRA sandbox specifically targets the NBFS sector, complementing the Central Bank of Egypt (CBE)’s oversight of the banking system.
Decoding the FRA Sandbox: What You Need to Know
1. What is the FRA sandbox, and what does it cover? The FRA sandbox serves as a controlled environment for fintech companies to experiment with their innovative products and services within the NBFS sector. This allows these businesses to test their offerings under the FRA’s watchful eye, providing a safe space for experimentation.
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