The Financial Regulatory Authority Renews the License of eKhales to Collect Insurance Premiums Electronically for an Additional Three Years
Partnerships & Agreements
The Financial Regulatory Authority (FRA) has announced the renewal of the registration of eKhales, a subsidiary of EFIG, in the register of companies authorized to electronically collect insurance policy premiums. The decision, issued by Dr. Mohamed Farid, Chairman of the FRA, under Decision No. 9 of 2025, extends the company’s registration for three years starting from October 31, 2024, under No. (5) in the register of companies specializing in electronic collection. This renewal underscores the pivotal role played by eKhales in supporting the digital transformation of the insurance sector, reaffirming the FRA’s commitment to enhancing electronic services in the non-banking financial market. It is worth noting that the strategic objectives of eKhales aim to digitize non-banking financial services, contribute to achieving Egypt's Vision 2030 in establishing a comprehensive digital transformation and financial inclusion ecosystem, and leverage the company's advanced infrastructure and accumulated expertise to serve all segments of the Egyptian market.
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