Regulatory Sandbox
A controlled testing environment for innovative financial products and services.
What is the Regulatory Sandbox?
The Bank of Zambia's Regulatory Sandbox provides a safe space for fintech companies and financial institutions to test innovative products and services under regulatory supervision, without immediately requiring full compliance with all regulatory requirements.
Innovation Testing
Test innovative financial products in a controlled environment
Regulatory Guidance
Receive guidance and feedback from BoZ throughout the testing period
Expedited Licensing
Successful sandbox participants may benefit from expedited licensing
Eligibility Criteria
- The product or service must be innovative
- Must have potential to benefit consumers or the financial system
- Applicant must demonstrate readiness to test
- Adequate consumer protection safeguards
- Clear exit strategy and success criteria
Application Documents
Application Process
Expression of Interest
Submit initial application with product overview
Assessment
BoZ reviews application for eligibility
Testing Plan
Develop detailed testing plan with BoZ
Sandbox Entry
Begin testing under BoZ supervision
Evaluation
Review results and determine next steps
Ready to Apply?
Contact the Financial Sector Development Unit to discuss your innovative product or service.