Nepal Rastra Bank has launched the Digital Finance Innovation Hub to offer guidance and support to innovators with new ideas in the financial sector.
What is the Digital Finance Innovation Hub? The bank announced the launch of the new hub on Thursday. The hub is designed to assist innovators who aim to develop modern, technology-driven financial services in banking and payment systems.
Support for Innovators Through this hub, innovators can get advice on policies and regulatory frameworks. They will also have the chance to consult with experts about their ideas. The hub will help expand access to regulatory bodies and provide non-binding guidance.
Encouraging Innovation in Payment Systems Nepal Rastra Bank aims to encourage innovators who come up with new ideas in the payment sector. The bank hopes the hub will support and facilitate innovative work in financial services.
