Nepal Rastra Bank has started procedure to facilitate merger and acquisition process of Remittance Companies in the country.
The move comes following the issuance of new Remittance bylaws 2023 scrapping the earlier one.
The bylaw has opened doors for acquisition and merger of remittance companies in the country.
The Central Bank has taken the aim of making the paid-up capital of remittance companies of 100 million rupees.
.
