Data Card
Nepal makes national ID verification mandatory for new digital wallets
Nepal Rastra Bank amended its payment systems directive to require national ID verification when licensed providers open new digital wallets, with a declaration deadline for existing customers.
2026-07-27CC-BY-4.0paymentswallet-kycdeduplicationnepal
About
Key Facts
- The change came through the fifteenth amendment to the Integrated Payment Systems Directive, 2082 BS.
- Providers must collect a declaration by October 17, and existing holders who have the credential must add their National ID number by that date.
- A stated goal is eliminating duplicate wallet accounts.
Card Text
Tying wallets to a national identifier makes deduplication possible across providers, which is difficult when each operator runs its own onboarding. The retroactive deadline is the harder part, since it forces re-verification of an already-active user base.