Circular No. 13 on Mobile Banking Service

Nepal

(enacted in 2010)

Issued by the Nepal Rastra Bank, Circular No. 13 on Mobile Banking service of 2009/2010 bars financial institutions holding a license to operate mobile bank services from providing other services except those related to deposits and remittances. The Nepal Rastra Bank has also directed these institutions to ensure that customers can see the details of the transactions immediately.

DISCLAIMER: Due to the fact that an English translation was unavailable for this circular, information for this summary has been taken from secondary sources and not from review of the actual legal text.