Nepal Telecom granted mobile money licence

22 Mar 2021

Nepali Digital Payment Company, a joint venture created by state-owned telecoms provider Nepal Telecom (NT) and Rastriya Banijya Bank, has received authorisation from Nepal Rasta Bank to operate a mobile money service, has reported. Nepal’s central bank approved the licence application submitted in January 2021 following an assessment of the company’s systems. Nepali Digital Payment Company will use NT’s mobile number as a digital wallet, enabling customers to use their mobile balance for digital transactions such as money transfers and bill payment. The service, which is expected to be launched in the coming weeks, will be particularly useful for NT’s customers in remote areas with no internet access.

Nepal, Nepal Telecom (NT)