Nepal moves to open payment market to foreign companies
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- Nepal has introduced a bill proposing a licensing framework for international payment institutions.
- The measure would allow foreign institutions already conducting international payment transactions to operate in Nepal.
Nepal is moving to open its payment market to foreign companies through a proposed licensing framework for international payment institutions.
Finance Minister Dr Swarnim Wagle introduced the Payment and Settlement Bill in the House of Representatives on Thursday.
The bill proposes allowing institutions established abroad and already conducting payment-related transactions internationally to enter Nepal’s payment market.
About this summary
Originally published by OnlineKhabar English. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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