NRB Mandates National ID Verification for Digital Wallet Registration and Updates
Summary
Nepal Rastra Bank mandates National ID verification for all digital wallet registrations and updates by Ashwin 2083, ensuring compliance among payment service providers and users.
Key Points
- Nepal Rastra Bank amended the Integrated Payment Systems Directive to require National ID verification for opening and updating digital wallets.
- Licensed payment service providers must verify National ID before wallet creation and update wallet details by Ashwin 2083.
- Users without National ID will be notified monthly to update wallet details after obtaining the ID.
- Persons with disabilities and helpless citizens can open wallets with other documents if National ID is unavailable.
