El Salvador launched the National Fintech Strategy
By Eproint
El Salvador launched the National Fintech Strategy (ENF) with the aim of promoting a digital financial ecosystem and fintech innovation for the development of an innovative and reliable financial system.
According to the government, the tool will contribute to the digital economy and economic growth, through human talent, strategic investments and boosts in digital infrastructure.
The strategy was born in light of a recent study, which revealed that, in El Salvador, 60% of fintechs are linked to payment services or systems, 20% are fintechs with technological services, 4% are linked to insurtech and 8% to alternative financing.
In addition, 88% of these financial technology companies are planning to create new products and services in this area.