8. IT in Nepalese Financial Sector and Related Act, Policy and Guidelines

8.1 Adoption of Technology in the Nepalese Banking Sector

  • Evolution of IT in Nepalese Banks

  • Core Banking Systems

  • Digital Banking Services

  • Internet and Mobile Banking

  • ATM, POS, and Card-Based Systems

  • Challenges and Opportunities in Technology Adoption


8.2 Payment System Framework in Nepal

  • Concept of Payment Systems

  • Payment System Provider (PSP)

  • Payment System Operator (PSO)

  • Role of Nepal Rastra Bank (NRB) in Payment Systems

  • Digital Payments and Wallets


8.3 Nepal Rastra Bank Act, 2058

  • Objectives of NRB Act, 2058

  • Powers and Functions of Nepal Rastra Bank

  • Regulatory Role of NRB in Financial and IT Systems

  • Supervision and Control of Banks and Financial Institutions


8.4 Payment and Settlement Act, 2075

  • Objectives of Payment and Settlement Act, 2075

  • Licensing and Regulation of PSPs and PSOs

  • Payment, Clearing, and Settlement Mechanisms

  • Consumer Protection and Risk Management


8.5 Electronic Transaction Act, 2063

  • Objectives of Electronic Transaction Act, 2063

  • Legal Recognition of Electronic Records and Digital Signatures

  • Cyber Crimes and Offences

  • Penalties and Legal Provisions


8.6 Information and Communication Technology (ICT) Policy, 2072

  • Objectives of ICT Policy, 2072

  • Promotion of Digital Economy

  • E-Governance and IT Infrastructure Development

  • Cyber Security and Data Protection Provisions