KATHMANDU, June 3: Nepal Rastra Bank (NRB) has introduced stricter disclosure requirements for investors and payment service providers (PSPs), mandating detailed reporting of transactions and personal information when investments in digital payment institutions exceed specified thresholds.
Issuing an amended Unified Directive on Payment Systems, 2025, the central bank said the new measures aim to closely monitor investments in digital wallets, payment gateways, fintech firms, and other payment-related institutions.
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Under the directive, individuals purchasing shares or investments worth more than five percent of the paid-up capital of a payment-related institution, or exceeding Rs 5 million, must submit personal details to NRB. The rule also applies to those seeking appointment as directors or senior managers in such companies.
Similarly, anyone securing more than five percent of the invested amount or earning capital gains above Rs 2.5 million must disclose financial transaction details to the central bank. Investors are required to provide information on whether they face any investigation, prosecution, or court case in Nepal or abroad for criminal offenses.
For Nepali citizens, the directive further requires declaration of property holdings outside Nepal, including identification of the real owner or beneficiary of such assets.
NRB said the stricter provisions are intended to enhance transparency and accountability in the rapidly growing digital payments sector.
