History
Companies, products and programmes that closed, were acquired or became part of the record
2020s9
| Entry | Kind | Outcome | Years | Now |
|---|---|---|---|---|
DIGI Nepal Fintech Challenge Twelve-month challenge programme for five finance-sector startups, supported by the Swiss Agency for Development and Cooperation through the DIGI Nepal project. It offered technical assistance, workshops, mentoring and networking, and concluded in 2025. | Programme | Historical | –2025 | — |
FirstPay Technology Licensed Payment System Operator (PSO) whose operating licence was revoked by Nepal Rastra Bank in October 2025 under Section 13(6) of the Payment and Settlement Act, 2075. | Service | Discontinued | –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. | Service | Discontinued | 2019–2025 | — |
Paywell Nepal Licensed payment service provider whose licence was scrapped by Nepal Rastra Bank on 19 June 2025 for violating payment and anti-money-laundering provisions. | Service | Discontinued | –2025 | — |
Prabhu Pay Digital wallet service operated by Prabhu Technology Pvt. Ltd.; reported to have over 500,000 downloads. Ceased operations in October 2025 after Nepal Rastra Bank revoked the company's operating authorisation. | Service | Discontinued | –2025 | — |
Sajilo Pay Licensed payment service provider (Sajilo Pay Payment Services Pvt Ltd) whose licence was scrapped by Nepal Rastra Bank on 19 June 2025. | Service | Discontinued | –2025 | — |
Sanima Bank Internet Banking Web-based internet banking channel of Sanima Bank, permanently discontinued from 30 November 2025 in favour of the bank's mobile banking app, Sanima Sajilo e-Banking. | Service | Discontinued | –2025 | Sanima Sajilo e-Banking (mobile banking) |
eSewa Money Transfer domestic remittance Domestic (within-Nepal) remittance business of eSewa Money Transfer. The company closed it completely from 1 January 2023 and refocused on inward remittance from abroad. | Service | Discontinued | –2023 | — |
GME Pay Wallet/payment service provider licensed by NRB on 8 October 2020 (Lainchaur, Kathmandu); licence revoked after the service could not be brought into operation for a year. | Service | Discontinued | –2021 | — |
2010s1
| Entry | Kind | Outcome | Years |
|---|---|---|---|
Alipay and WeChat Pay use in Nepal Chinese mobile payment apps used by Chinese tourists and traders in Nepal outside the formal banking system. Nepal Rastra Bank banned their use in May 2019, with the threat of criminal investigation for users. | Service | Discontinued | –2019 |