Nepal Rastra Bank Amends Payment System Directive to Include National ID
Summary
Nepal Rastra Bank has amended its Integrated Payment System Directive to require payment service providers to verify wallets using the National Identity Card system and ensure users update their details accordingly.
Key Points
- Nepal Rastra Bank amended the Integrated Payment System Directive to include provisions based on the National Identity Card.
- Payment service providers must verify wallet openings for Nepali citizens using the electronic record of the National Identity Card.
- Users must update their National Identity Card details in their digital wallets by the end of Ashwin, 2083.
- Specific provisions are made for Nepali citizens abroad and incapacitated individuals regarding wallet registration and updates.
