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Home Fintech

Central Bank of Ghana launches FinTech Regulatory and Innovation sandbox

Tech Gist Africa by Tech Gist Africa
03/01/2021
in Fintech, News, Payment, The Big 5
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Central Bank Of Ghana Tech Gist Africa

Central Bank Of Ghana Tech Gist Africa

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The central bank of Ghana has launched a FinTech regulatory and innovation live testing pilot, which will prioritize blockchain-based projects.

The sandbox, according to a press release by the central bank of Ghana, will cover a wide range of innovations in the financial services sector.

Furthermore, the sandbox will also improve financial inclusion in the country.

The bank is also looking for remittance and crowdfunding products and services.

As well as electronic KYC platforms and new merchant payment solutions for small and medium-sized businesses.

According to Carmelle Cadet, EMTECH’s founder and CEO, the sandbox was launched in partnership with FinTech company EMTECH.

EMTECH will provide the underlying technology for Bank of Ghana to operate the regulatory and innovation sandbox.

The Bank of Ghana also noted that the project is one of the ways it expects to close the country’s financial inclusion gap.

The bank also indicated that organizations with innovations that meet the criteria can submit an application for evaluation and consideration.

Read More on Tech Gist Africa;

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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