Banking Khabar/ Nepal Rastra Bank has released the “Framework for Identifying Systematically Important Payment Systems” to enhance the security and organization of payment systems, particularly the rapidly expanding electronic payments.
The framework identifies key payment systems as essential components of the financial system, ensuring their sustainability, security, and efficiency. It sets clear criteria for designation, bringing operators under regulatory supervision and risk management to prevent systemic disruptions.
The framework aims to safeguard high-value payments, improve operational transparency, and strengthen the overall payment infrastructure.
