Service · 2019–2025
Nepal Pay Time
Mobile wallet that received its payment service provider licence from NRB on 5 September 2019 but was inactive for a long time; NRB declined to renew the licence in February 2025.
Why it ended
Per ICT Frame, NRB cited prolonged suspension of payment services, weak corporate governance and non-compliance with regulations under Section 13(4) of the Payment and Settlement Act, 2075.
Sources1
Every figure on this page is compiled from public records. These are the ones it rests on.
Show the source behind this page
- The recordTrade presssingle source
Nepal Rastra Bank (NRB) has decided not to renew the license for Nepal Pay Time, a mobile wallet service provider.