central bank regulations

Fintech

Nepal Rastra Bank Proposes QR Code Payment Limits for Indian Transactions

April 19, 2024

A recent proposal by Nepal’s central bank suggests imposing limits on payments made via Quick Response (QR) codes for Nepali nationals in India, aiming to enhance financial transparency and security. The panel suggests capping monthly QR code payments at IRs 100,000 (Rs160,000), except for transactions at specific locations like hotels, hospitals, and medicine shops, where […]