Kathmandu. Payment service provider GME Pay's license has been dismissedd. Nepal Rastra Bank has decided to revoke the license of GME Pay on Tuesday.

GME had received permission from Rashtra Bank on September 7, 2008 to act as a payment service provider. As the company could not start business, the license was revoked as per the payment and foreclosure regulations, said Nischal Adhikari, director of the payment system department at Rashtra Bank.