Papua New Guinea Regulatory Sandbox

About the Project

The Bank of Papua New Guinea launched its Regulatory Sandbox in December 2019- its the first of its kind among the Forum Island Countries.

The Regulatory Sandbox will provide a controlled environment for the testing of new technologies to create new social and economic opportunities. A Sandbox is a mechanism for developing regulation that keeps up with the fast pace of innovation.

Start and End Date

January

2019

December

2019

Geographical Focus

Papua New Guinea

Main Beneficiary

Private Sector

Status

Complete

Budget ($)

Donors

Implementing Agency

National Central Bank

Contact Person

Andrea Ibba

Pacific E-commerce Coordinator

andreai@forumsec.org

Policy Area

PA5. Electronic Payment Solutions

Strategic Output

5.1. Non-bank digital payment solutions for E-commerce are deployed across the Pacific.

Measures

5.1.2 Implement harmonised regulatory sandboxes or similar mechanisms for fintech development using recently approached AFI guidelines for regulatory sandboxes for fintech

Papua New Guinea Regulatory Sandbox

About the Project

Policy Area

Strategic Output

Measures

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