Kathmandu, April 19 -- A panel formed by Nepal's central bank has suggested capping payments made via quick response (QR) code for Nepali nationals in India at IRs 100,000 (Rs160,000) per month, either in one go or cumulatively.

However, there will be no limits for making payments through quick QR codes at hotels, hospitals (hospital and research centres) and medicine shops, according to a draft report prepared by the panel which has been published on the Nepal Rastra Bank's website to collect suggestions from the public.

Likewise, to allow Nepalis to make purchases of goods and services from third countries (whose currencies are convertible in Nepal) via QR code, the limit has been proposed at $2,000 a year. For making such purchases, ...