NRB Cancels Licenses Of Three Remittance Companies

Nepal Rastra Bank (NRB), the central bank of Nepal, has canceled the licenses of three remittance companies: Bhatbhateni Money Transfer, Modern Remittance, and Namaste Remit International.

The central bank stated that these companies failed to renew their business licenses on time.

In an official announcement, NRB assured that any pending remittance payments from these companies would be addressed.

The concerned parties have been asked to submit written claims within 35 days to ensure the issue is properly resolved.