Nepal Rastra Bank has established 'Digital Finance Innovation Hub'. The National Bank has mentioned in the notice issued on Thursday that such a hub has been established to promote financial services by adopting the latest technology in banking and payment systems.

According to Rashtra Bank, this hub has been established to implement new technologies on the basis of reliable policies and regulations and to systematically advance innovative plans in the financial sector. In terms of developing financial services based on modern technology in the field of banking and payment systems, the hub has been established to inform the financial innovators working in this sector about the existing policy and regulatory arrangements.

analyzes the innovative proposals of the financial sector and the opportunities and challenges they can bring, and aims to provide regulatory approaches, non-binding guidelines, consultations and suggestions, and to further encourage innovation by expanding easy access to regulators.