Service · –2025
Prabhu Pay
Digital wallet service operated by Prabhu Technology Pvt. Ltd.; reported to have over 500,000 downloads. Ceased operations in October 2025 after Nepal Rastra Bank revoked the company's operating authorisation.
Why it ended
Per ICT Frame, NRB cited failure to meet licence renewal requirements under Section 13(4) of the Payment and Settlement Act, 2075; the article also mentions reported financial losses and regulatory concerns.
Sources1
Every figure on this page is compiled from public records. These are the ones it rests on.
Show the source behind this page
- The recordTrade presssingle source
Prabhu Pay, the popular digital wallet service operated by Prabhu Technology Pvt. Ltd., is ceasing operations.