NRB warns of action against those using mobile wallets for gambling purpose

mobile wallet - gambling

Kathmandu, December 14

Nepal Rastra Bank has warned people not to participate in gambling activities via their mobile wallets.

The notice comes after the central bank started to notice suspicious transactions via electronic payments gateways during the ongoing world cup.

“Gambling and betting activities are illegal. The general public is informed not to participate in transactions of this nature,” the NRB notice reads. “If anyone is found involved in such activities, legal action will be taken against the concerned individual or group including the freezing of their bank accounts and mobile wallets.”

The central bank has also ordered licensed organisations to make arrangements to prevent the payment of gambling and betting-related illegal activities through bank accounts, mobile banking, mobile wallets, etc.

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