FRA offers online non-banking services on back on coronavirus scare

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Sun, 15 Mar 2020 - 11:35 GMT

FILE – Chairperson of the Egyptian Financial Supervisory Authority (EFSA), Mohamed Omran

FILE – Chairperson of the Egyptian Financial Supervisory Authority (EFSA), Mohamed Omran

CAIRO - 15 March 2020: Head of the Financial Regulatory Authority (FRA) Mohamed Omran issued directives on Sunday pertaining to offering non-banking services online as part of precautionary measures against coronavirus.

Now, those seeking non-banking services can file their requests to FRA online, Omarn said in a statement.

He made clear that FRA started as of 2019 digitizing some non-banking services to spare time and effort as one of tools of economic reforms.

Those who have complaints can send them to the authority via email "Complaints@fra.gov.eg", he said.

The statement listed the non-banking services clients can apply for electronically.

The step comes days after Egypt’s government banned large gatherings until further notice to prevent the spread of coronavirus (COVID 19).

The virus is now reported in 117 countries.

The World Health Organization (WHO) declared the outbreak as a pandemic.

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