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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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July 11: Nepal Rastra Bank (NRB) has adopted a strict policy for appointing directors of payment service provider companies.
The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.
“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.
This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.
The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.
However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.
By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.
From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
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<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
<p><span style="font-size:18px">From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.</span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
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'summary' => 'July 11: Nepal Rastra Bank (NRB) has adopted a strict policy for appointing directors of payment service provider companies.',
'content' => '<p><span style="font-size:18px">July 11: Nepal Rastra Bank (NRB) has adopted a strict policy for appointing directors of payment service provider companies.</span></p>
<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
<p><span style="font-size:18px">From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.</span></p>
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
<p><span style="font-size:18px">From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.</span></p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
<p><span style="font-size:18px">From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.</span></p>
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<p><span style="font-size:18px">The central bank revised the Permission for Payment Service Provider Policy 2079 in this regard. As per the new provision, a person cannot hold the position of director of two separate companies in the financial sector at the same time.</span></p>
<p><span style="font-size:18px">“When the same person is the director of two companies in the financial sector, there is a conflict of interest, so NRB changed the policy and made it stricter,” said an official of NRB.</span></p>
<p><span style="font-size:18px">This step was taken after the directors of banks and financial institutions (BFIs) started operating payment service companies.</span></p>
<p><span style="font-size:18px">The policy stipulates that a person who is a director or officer of a licensed bank, financial institution, money changer, remittance company, payment service provider, payment system operator cannot hold any position in any other payment related organization at the same time.</span></p>
<p><span style="font-size:18px">However, in the case of the investment of the payment-related organization, the employees on behalf of the investor organization are to be represented in the board of directors of the organization in which the investment is made.</span></p>
<p><span style="font-size:18px">By mid-May 2023, 10 payment system operators and 27 payment service providers have received permission from NRB. By this period, there are 18.2 million wallet users. From mid-April to mid-May, transactions worth Rs 19.25 billion were made through digital wallets.</span></p>
<p><span style="font-size:18px">From utility bill payments to purchasing goods, the use of mobile wallets is increasing in recent times.</span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
