NRB’s New Move to Digitize Foreign Transactions
Nepal Rastra Bank (NRB), on April 6th, 2025, introduced a forward-thinking policy allowing entrepreneurs in Nepal to accept foreign payments using digital wallets and QR codes. This revolutionary move aims to simplify international transactions and support Nepal’s growing startup and tourism sectors.
How It Works
With this new provision, businesses in Nepal can now:
- Accept payments from international customers using apps like Khalti, eSewa, and IME Pay.
- Use QR codes to receive money from foreign debit/credit cards or wallets.
- Enable easier cross-border transactions without complex paperwork.
Benefits for Entrepreneurs & SMEs
✅ Instant access to global customers
✅ Faster transactions with minimal fees
✅ Secure and traceable payments
✅ Boost for tourism, e-commerce, and freelancing in Nepal
Why This Matters
With digital transformation sweeping the world, this move puts Nepal in line with global fintech standards. It’s especially beneficial for:
- Online businesses & e-commerce stores
- Tourism operators & hotels
- Freelancers accepting international payments
Final Thoughts
This progressive step by NRB is a game-changer for Nepal’s digital economy. By embracing foreign digital payments, Nepal is not only modernizing its financial ecosystem but also empowering local businesses to compete globally.