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SBAN Requests To Implement Online Payment System: Nepal

Stock Brokers' Association of Nepal (SBAN) has urged investors to trade using online platforms and make payments using online payment systems.

N24 Staff Writer, KATHMANDU: Stock Brokers’ Association of Nepal (SBAN) has urged investors to trade using online platforms and make payments using online payment systems. A statement issued by the association here today said that investors who wants to buy securities should proceed through electronic payment system including online banking and Connect IPS.

Following the government imposed lockdown due the spread of COVID-19 in various places including the capital city Kathmandu, the association has issued the statement.

In the statement, SBAN has also reminded about the directive issued by Securities Board of Nepal (SEBON) on Ashad 14 and Bhadra 03. It states that all broker companies has to implement a fully-online payment system in 15 days. Hence SBAN requests all investors to cooperate with their stockbroker company and establish the online payment systems.

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