Kathmandu, March 7 -- Payment service providers must now implement measures to monitor transaction trends, focusing on transaction errors, processing delays, and other key risk indicators.

On Wednesday, Nepal Rastra Bank, the central bank, amended the payment system-related integrated directives.

The revised provisions require payment service providers to analyse incidents and disruption patterns in past payment systems and services. Officials said they must maintain appropriate logs to prevent similar incidents in the future.

The updated directive mandates that payment-related service providers prepare a strategic business continuity and growth plan for at least three years to mitigate business risks.

This plan should be executed thr...