History
Companies, products and programmes that closed, were acquired or became part of the record
2020s13
| 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FirstPay Technology Licensed Payment System Operator (PSO) whose operating licence was revoked by Nepal Rastra Bank in October 2025 under Section 13(6) of the Payment and Settlement Act, 2075.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 | — |
IME Pay Licensed digital wallet of the IME group. NRB approved its merger with Khalti in June 2025; the merged company is IME Khalti Limited and the unified app retains the Khalti brand, so the IME Pay brand is retired. | Product | Merged | –2025 | Khalti |
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 | — |
OrangeNXT App-based digital-only banking service launched by Laxmi Sunrise Bank on 25 January 2024 with fintech FoneNXT. More than 65,000 customers had opened accounts with deposits of Rs170 million when NRB ordered it suspended in August 2025. | Product | Dormant | 2024–2025 | — |
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) |
GME Remit Remittance company that merged with IME Remit; the combined entity began integrated operations on 14 Aug 2024 and NRB lists it as IME Limited (after acquiring GME Remit Pvt Ltd). | Company | Merged | –2024 | IME Limited |
Nepal Electronic Payment Systems (NEPS) Payment system operator providing card switch infrastructure; acquired by Nepal Clearing House Limited in 2024 on a 1:0.28 share swap, with joint operations following. | Company | Acquired | –2024 | Nepal Clearing House |
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 |
Date not recorded2
| Entry | Kind | Outcome | Years |
|---|---|---|---|
Government business incubation programme (first phase) Government programme supporting young and prospective entrepreneurs through business incubation, run for five years from fiscal year 2006/07. It was discontinued for seven years and restored in 2019 under the Department of Cottage and Small Industries. | Programme | Dormant | 2006– |
Rs 1 billion startup promotion fund (2021-22 budget) Startup promotion fund of Rs 1 billion provisioned in Nepal's 2021-22 budget, with a credit procedure meant to provide seed capital. The finance minister later said it could not be implemented because the government changed. | Fund | Dormant | — |