Kathmandu. Serious error s have been found in the operation of wallet including eSewa. This fact was found during the ‘inspection’ conducted by Nepal Rastra Bank . 

Rashtra Bank with eSewa Smart Card, Khalti, Nepal Digital Payment, FocusOne, , iCash, Fintech International, Digi Paytime, Nepal Paytime, Fast Money and Citi Wallet were inspected on the site. 

During the course of the inspection, the bank has found that the internal governance of wallets with e-services is very weak. Not only this, these entities have not complied with the risk management framework, operating procedures and rules of the bank, {{} inspection has also revealed that these {{} institutions have not complied with the {{{} risk management framework, operating procedures and {{{}} rules. 

According to the bank, the institutions have failed to operate the system within the stipulated time, internal control policy and risk management policy have not been reviewed by the Board of Directors. 

Similarly, does not have a system to check the active or inactive status of the wallet and the cyber security risk is high due tothe lack of antivirus software renewal. It has also been found that entities do not have adequate physical infrastructure for the operation of business and organizations do not include programs related to anti-money launder ing and financing of terrorist activities } in their annual budget.

In addition, the bank has not appointed a CEO within the time period specified by these entities, has not conducted an audit, has not conducted a risk assessment and penetration test, has not conducted a disaster recovery drill or practice in the production environment, has not provided for the ‘session’ to automatically end after a certain time, Errors were also found in {{} Serious used for purposes other than Clearance and wallet transactions.

On the other hand, Payment Service Providers Institutions User Details, Privacy and Information Security Risks Inspection has pointed out }}.