The Nepal Rastra Bank (NRB) has revoked the license of First Pay Technology Pvt. Ltd. and Prabhu Technology Pvt. Ltd. as payment service providers.TAG_OPEN_div_6 Nepal Rastra Bank (NRB) has revoked the license of Prabhu Technology Pvt. Ltd. for not renewing its license.
The license of these companies has been revoked pursuant to the decision of the Board of Directors of the Rastra Bank on May 19, 2082 after it was found that the license of these companies was in violation of the provisions of the Payment and Settlement Act 2075 and the Integrated Directive on Payment System 2076.TAG_OPEN_div_4
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