20 Fintech Innovations Ready for Market Under NRB Digital Finance Innovation Hub
Summary
Twenty of the 50 innovations in Nepal Rastra Bank’s Digital Finance Innovation Hub are ready for market deployment, while another seven are ready for pilot testing and seven remain under development. The hub has also provided regulatory clarity on 14 issues as it works to support new digital financial services in Nepal.
Key Points
- Twenty of the 50 innovations in the Digital Finance Innovation Hub are ready for market deployment, according to Nepal Rastra Bank.
- Another seven innovations are ready for pilot testing, while seven are under development and eight remain conceptual.
- Unlicensed fintech firms make up the largest share of participants, with 30 out of 50 enrolled innovations.
- The hub has provided regulatory clarity on 14 issues and is designed to support technology-based financial services in Nepal.
