Nepal Telecom applies for mobile money licence

20 Jan 2021

Nepali Digital Payment Company, a joint venture created by state-owned telecoms provider Nepal Telecom (NT) and Rastriya Banijya Bank, has applied to Nepal Rastra Bank (NRB) – Nepal’s central bank – for a licence to operate a mobile money service, reports NT managing director Dilli Adhikari has reportedly confirmed that the company has implemented all the necessary technical and legal infrastructure within the six-month timeframe agreed with the NRB in July 2020. The bank will now monitor the system before granting final approval for the service, which is expected to begin operating in late February or March. Nepal’s telecoms regulator, the Nepal Telecommunications Authority (NTA), approved directives governing mobile money services early last year, enabling users to make payments and transfers via a digital account linked to their mobile number.