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License of payment service provider Nepal eBiz Management revoked

Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB) has revoked the license of Nepal E-Biz Management Pvt Ltd.

Nepal Rastra Bank (NRB) had granted permission to Nepal E-Biz Management Pvt. Ltd. on March 3, 2020.

The license of the payment service provider has been automatically canceled as per the provision of Section 13 (6) of the Payment and Settlement Act, 2075.

The NRB has also requested the customers using the payment instruments issued by the institution to contact the concerned institution within 30 days if any transaction is due with the institution.

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