3.4 Legal and Regulatory Framework for Online Payment in Nepal

1. The NRB's (the central-bank's-core): the Payment-Systems-Act-2059-and-the-related-faces (the licensing (the PSO-and-PSP (the operators-and-the-providers (the capital-and-the- safeguards'))); the directives' (the e-payment-directives (the KYC's-and-the-AML's (thetransaction-limits' (the risk-based))); the NCHL's (the clearing-house (the connect-and-the-IPS- faces (the infrastructure's));2. **The ETA's (the validity's-layer (the 3.2's-signatures-and-records)); the BAFIA's (the banking's- digital-faces (the outsourcing-and-the-security's)); the AML-Act's (the suspicious's (the FINWANepal's-face (the fraud-reporting's)); the Consumer-Protection's (the U3.8.2's); the E- Commerce-Act-2081's (the U3.8.1's (the platform's-and-the-payment's-faces));