50 Fintechs participate in NRB’s Digital Finance Innovation Hub

लगानी न्यूज

२८ आश्विन २०८३, बुधबार ११:५३October 14, 2026

{{TAG_OPEN_div_32} Kathmandu. The Digital Finance Innovation Hub of Nepal Rastra Bank (NRB) has 50 fintech companies, innovative organizations and individuals. The Hub, which aims to develop and promote new technologies and concepts in the field of digital financial services, has participated in the highest number of payments and digital loan innovations.

According to the impact report of the ‘Digital Finance Innovation Hub’ released by the Rastra Bank, out of the 50 groups and institutions that have come in contact with the Hub, 30 are unlicensed fintech companies. Similarly, 8 payment system operators, 4 licensed banks and financial institutions, 3 payment service providers and 3 individual innovators have joined.TAG_OPEN_div_30

Similarly, a partnership group of a remittance company and a bank and payment service provider also participated in the hub, according to the report. Among the innovations associated with the hub, the biggest attraction has been seen in payments and digital lending. 12 innovations related to payment systems and 11 innovations related to digital lending are associated with the hub. Similarly, 7 innovations related to credit scoring, 5 innovations from embedded finance and 4 from open banking and finance have participated.TAG_OPEN_div_28

Similarly, 3 innovations related to RegTech, 2 related to digital onboarding, one related to digital identity, and one on technology solutions to support financial services are included in the Hub. The Hub also covers 4 innovations from other sectors, including WealthTech, advertising platforms, and marketplaces.TAG_OPEN_div_26

According to the report, 20 or 40 percent of the 50 innovations involved in the Hub are fully ready and able to go to market. This shows that the Hub is helping to bring the new concept in the field of digital financial services to the stage of commercially implementing.TAG_OPEN_div_24

Out of the remaining innovations, 8 are in the conceptual stage and 7 are ready for pilot testing. Similarly, 7 are in development, 4 prototypes are ready and 3 are planned to be launched in the near future. One innovation is in the testing phase in a limited user group, according to the report. The Hub has also facilitated the removal of regulatory confusion in the development of new technologies and business concepts in digital financial services.TAG_OPEN_div_22

The TAG_OPEN_div_20 Hub has so far provided regulatory clarity to the innovators on 14 issues. During this period, 20 preliminary interactions have been completed and 9 proposals are under review.

Similarly, the Hub has provided formal guidance to 3 innovators. The report states that 3 policy suggestions have been sent to the concerned departments to help in policy making. Formal proposals from the other 3 groups are yet to come.

The Digital Finance Innovation Hub, operated under the Payment Systems Department of the Nepal Rastra Bank, has been collaborating and interacting with promoters who are developing new technologies and concepts in digital financial services. The report shows that the Hub has been playing the role of facilitating the development of innovative solutions, regulatory clarity, and policy reforms.TAG_OPEN_div_16