Bank of Ghana announces for the information of Banks, Specialised Deposit-Taking Institutions, Payment Service Providers, Non-Bank Financial Institutionsand aspiring FinTech Start-Ups and all innovators that its Regulatory Sandbox is open from 13th February 2023 to 14th March 2023 to admit the first cohort of participants.
Broadly, the Regulatory Sandbox will support innovations in any of the following areas;
1. New digital business models not currently covered explicitly or implicitly
under any regulation;
2. New and immature digital financial service technology; and
3. Innovative and disruptive digital financial service products that have the
potential of addressing a present financial inclusion challenge.
The first cohort window, however, will largely accept innovations from among the
following priority areas;
Entities eligible to participate in the Regulatory Sandbox include: Banks and Specialised Deposit-Taking Institutions, Savings and Loans companies, Microfinance companies, Financial Holding companies, Dedicated ElectronicMoney Issuers, Payment Service Providers, and unlicensed FinTech Start-Ups.
Interested entities should submit a complete application in the prescribed formthrough the link below: https://bog.gh.app.emtech.com/login.
Prospective participants will be informed of the outcome of the application within twenty-one (21) working days after the closure of the application window on 14th March 2023.
For further enquiries, please contact:
FinTech and Innovation Office
Bank of Ghana
Cedi House, 12th Floor,Accra
Email Address: email@example.com.