Kathmandu, March 28 -- With the rapid evolution of financial technology, Nepal's central bank has launched the Digital Finance Innovation Hub to support fintech innovators in testing their digital payment instruments and solutions before rolling them out to the public.

Nepal Rastra Bank announced the hub's establishment in a notice published on Thursday, stating that it aims to foster innovation by providing fintech developers with a structured regulatory environment and appropriate policy facilitation.

The hub will assess both the opportunities and challenges that financial innovation presents while offering insights into developing financial services based on emerging technologies in banking and payments.

"This initiative will suppor...