NRB Makes National ID Mandatory for Opening Digital Wallets, Existing Users Must Update Details

Banking News – Nepal Rastra Bank (NRB) has made the National Identity Card (National ID) mandatory for opening electronic wallets (e-wallets) in Nepal. In a new circular, the central bank directed Payment Service Providers (PSPs) to verify the National Identity Card details of Nepali citizens against the official electronic records before allowing them to open…