Nepal Rastra Bank is preparing to introduce a national payment gateway in a bid to conduct regular monitoring of digital payment system.
Talking to Rastriya Samachar Samiti, Deputy Governor of the central bank Chinta Mani Siwakoti informed that the service that helps in the real-time gross settlement would come into effect within the next 18 months. “All payment systems will be monitored, and it would be possible to make all digital payments of VAT, income tax and excise duty, once the service comes into operation,” he said.
Likewise, the central bank is also preparing to make new laws to facilitate the digital payment, he informed. “The bank is preparing the draft of the act related to the issue.”
Source: https://thehimalayantimes.com/business/digital-payment-gateway/