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Nepal bans China's Alipay and WeChat Pay

Central bank move comes as Kathmandu draws close to Beijing

Tourists businesses in Kathmandu have increasingly focused on Chinese visitors as their numbers surge.   © AFP/Jiji

KATHMANDU -- The Himalayan nation of Nepal has emerged as an unlikely obstacle to the global conquest of Chinese mobile payment services WeChat Pay and Alipay.

The Nepal Rastra Bank, the central bank, on Tuesday announced a ban on the two Chinese services, operated by Tencent Holdings and Alibaba Group Holding's Ant Financial Services Group affiliate, respectively, citing their failure to secure licenses to operate in the country.

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