Author: Radha Sapkota

NEPALPAY QR, as an implementing infrastructure of NepalQR, is now operational that went live recently with a few of the BFIs and PSPs. NCHL made an official announcement in this regard at a joint Press Meet organized today (11th of March, 2022). The event was organized in the presence of Ashoke SJB Rana, CEO of Himalayan Bank Ltd., Nischal Raj Pandey, CEO of Sanima Bank Ltd., Bishal Sigdel, Chief Strategy Officer of NIC Asia Bank Ltd., Ghanshyam Dhungel, Chief Business Officer of Kamana Sewa Bikash Bank Ltd., Bind Raj Paudel, Chief Manager of Samriddhi Finance Company Ltd., Pranaya Rajbhandari, CEO…

Digital transaction limit for revenue payment to the Government of Nepal initiated from various channels of NCHL has been revised. The digital payment limits for GON revenue from the systems including CORPORATEPAY and Bank Central (bank branches) under NCHL have been increased up to NRs 2 Billion for On-us (same bank) transactions. NCHL consulted with the relevant Government agencies, BFIs, and with approval from Nepal Rastra Bank, revised this transaction limit on its various channels. With this revision, the customers of the BFIs can now initiate revenue payments up to NRs.2 Billion per transaction through the NCHL Bank Central module…

If you invest in the stock market, applying for IPOs is not a new thing for you. Also, there is an interesting craze of the IPO applicants while IPO results are out. The haste in entering DEMAT numbers with the anticipation of being allotted has its own kind of fun. However, it might be a hassle when one has to check the IPO results of many people at once. The number of DEMAT holders has already crossed 50 lakhs. Also, the number of IPO applicants within a family is also increasing. To check IPO results, one can access CDSC’s MeroShare…

Ever wondered if you can send money from one digital wallet to another digital wallet? It is soon being possible in Nepal. NCHL has introduced the NEPALPAY Instant where you can send money from your connectIPS to any linked bank account, available mobile banking, or digital wallet of the recipient. This is one additional step in the implementation of the National Payment Switch and enhancement of the existing Retail Payment Switch. This way, you’ll find three network options- bank, connectIPS, and PSPs/wallets to send money to your recipient using NEPALPAY Instant in connectIPS. NEPALPAY Instant facilities interoperable transfers and settlements…

The Ministry of Communications and Technology is regulating OTT Platforms and Youtube channels in Nepal. It has amended the National Broadcasting Regulations for the eleventh time in Nepal Gazette and introduced the new regulation. For the first time, YouTube and other similar broadcasts are brought into the legal framework by this change. The rules will regulate online television transmission of audio-visual programming across a variety of OTT platforms, such as YouTube and the Internet. The service offered through the internet without using any program through DTH cable or satellite television is referred to as OTT, according to the definition stated…

CORPORATEPAY system has been recently upgraded with additional payment services and features including online registration requests for enrollment. Corporates and businesses can now quickly register for the system online, with their bank completing the rest of the enrollment procedure. Previously, they needed to visit the bank and fill up the registration form for enrollment in Corporate Pay. Other additional services that have been added are bulk payments for utility &creditor payments, quick payment for regular transactions, account statements, and similar other value-added services. The online registration process can be initiated from the corporatepay.connectips.com website, from where a company can submit…

Insurance coverage in digital wallet is possible now in Nepal. To this date, it was available in insurance and banks only. Now, a wallet named MyPay is offering insurance coverage of NRs. 1 Lakhs to Nepali users. Previously, wallets were used to facilitate online payments of insurance premiums only. With this, MyPay becomes the first digital wallet in Nepal to provide insurance coverage for accidental risks. The facility is available for only 5000 KYC verified users. You will need to verify your KYC account get free insurance with MyPay. Know more about the insurance coverage in MyPay wallet As per…

NRB has reduced the domestic remittance limit by one-fourth. It has narrowed down the daily, per transaction, and per person limit of domestic remittance amounting to Rs 25,000. Previously, this limit was Rs 100,000. On Wednesday, the Payment Systems Department in NRB issued a notice regarding this change in the transaction limit of domestic remittance. However, the notice reads that the international remittance limit is unchanged. Let’s know about Domestic Remittance; How is it different from a bank transfer? A domestic remittance is when money is sent from remit agents to the receiver within the country. Remittances are used to…

Info Developers, a software company, has entered into a cooperation agreement with CitiExpress Money Transfer for providing digital remittance services. For more than a decade, Info Developers has been working as a technology company rending IT assistance and services for industries and clients. Likewise, City Express is one of the leading remittance companies in Nepal. The agreement was signed by Umesh Raghuvanshi, CEO of InfoDevelopers. and Chandra Tandon, Director of City Express. What Services can you get from this collaboration between Info Developers and City Express? The agreement is aimed at connecting cooperatives and microfinance institutions to digital remittance technology.…

Now you can pay your premium to National Life Insurance Company in Khalti with huge cashback. Khalti has teamed up with National Life Insurance Company Limited to allow users to pay insurance premiums online while also receiving a 10% cashback. This service aims to make bill payment easy in a few clicks for customers who pay late due to time constraints or have to take time off to visit offices. Users can also get a 10% cashback (up to Rs. 100) on their premium payment if they enter the promo code NATIONAL100. How to pay a premium of National Insurance…