Nepal Rastra Bank (NRB) has extended the timeline for remittance companies to meet minimum paid-up capital requirements by an additional two years. As per the revised Remittance Bylaws, 2023, firms now have until mid-July 2030 to achieve a capital base of Rs 100 million, compared to the earlier deadline of mid-July 2028. The amendment also permits remittance companies to operate payment service providers or system operators through subsidiaries with NRB approval. For new licenses, remittance firms must maintain Rs 250 million in capital, while other related entities require Rs 100 million.
