Central banks continue to leverage various initiatives to promote fintech, but the Fintech Benchmarks 2023 show this can differ by a jurisdiction’s income size.
Most advanced economy respondents have created innovation hubs (61%), but just 28% of respondents in emerging markets have set these up.
Emerging market economies were slightly more likely to have an accelerator (17%) than advanced economies (11%), but both types of initiative are relatively less popular.
The use of different
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