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A Fintech Regulatory Sandbox

Updated: Dec 20, 2019

Zambia’s Central Bank created a regulatory sandbox for the FinTech company Zazu, a completely digital bank. The Central Bank also simplified the regulatory hurdles for another Zambian FinTech company, Zoona (Mlambo, 2017).

A regulatory sandbox is a unique concept that has found its place in the FinTech sector. A FinTech startup is able to operate within the sandbox to customised regulations and without having to move through the full authentication process established by the relevant Regulators.

#Zambia #DigitalCommerceLaw

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