license revocation
Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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Smart Telecom’s services halted completely
Smart Telecom, which had its license revoked due to inability renew it’s license, has completely halted its operations. The regulatory body, Nepal Telecommunication Authority, had established a management group to ensure the regular provision of services by the company, but it failed to fulfill its responsibilities, resulting in this situation. According to a senior official […]
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Smart Cell’s Unified License Revoked
Smart Cell, a private telecom operator in Nepal, has had its unified license revoked by the Nepal Telecommunication Authority (NTA) after the company failed to clear its dues. Despite being given a deadline until Baisakh 03 to pay its renewal charges of Rs 20 billion and Rs 3 billion in fines, Smart Cell was unable […]
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