Isn’t it good news that Nepal Rastra Bank(NRB) is allowing prepaid dollar cards for the first time. People can now buy products or services from different international websites such as Amazon, Aliexpress, Netflix, Hosting providers, and many more. But everything comes with a limit and NRB has declared a 500$ limit per year for now. and it is still good news, there is a saying “something is better than nothing”.
Every person who has a personal PAN number can apply for it. You should fill KYC and Banks form to apply for it. NRB has also said that only “A” grade and “B” grade bank has permission to issue the dollar card. also, one person can only apply for one card. using two banks for issuing 2 cards will result in punishment according to law.
For me, I feel this is a breakthrough point for Nepal and there is no going back now and hope this system gets better in days to come.
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