Author: Radha Sapkota

Nepal Clearing House Limited (NCHL) has made a new record in its non-cash transactions. By the first 6 months of 2078/79, the non-cash transactions in NCHL channels have crossed NRs. 7 trillion in value. It has reached NRs. 7.88 trillion in transactions across the three channels : NCHL ECC, NCHL-IPS, and connectIPS. Through NCHL-ECC alone, the non-cash transactions have crossed NRs. 5.3 trillions. Similarly, transactions over NCHL-IPS have crossed NRs. 1.01 trillion. In the same way, connectIPS transactions have crossed NRs. 1.36 trillions. The transaction amount in connectIPS for the first 6 months have exceeded the annual transaction of last…

Khalti digital wallet is turning 5 today. Since the start of its operation in 2017, it has become an innovative fin-tech startup. Along with serving as a digital wallet, it has also been spreading digital and financial literacy among the people, contributing to the digital economy. Khalti has progressed from a start-up to a major corporation over the course of five years. Since its inception, the company has grown to include over 230 employees, 60,000 merchants, and 2 million registered users around the country. 5 Years of Khalti Digital Wallet, How is it Contributing to the Digital Economy? Khalti is…

Nepal’s first online payment gateway- eSewa is celebrating its 13th Anniversary today. As eSewa completes its 13 years of journey in the digital payment systems, it is celebrating this day with its valued customers. Started back on 2009, this digital wallet has literally transformed the meaning of making payments. From making mobile top-ups to fund transfers to making payment for utilities through a mobile app, eSewa has been shaping the behavior of Nepalis throughout these 13 years. Moreover, it is noteworthy that eSewa now holds more than 80% market share in the total digital payment industry of Nepal. As a…

Nepal Rastra Bank has set the transaction limit for mobile banking and other payment systems in the Unified Directives through the Payment Systems Department. The maximum transaction limit per day from mobile banking channels is NRs. 200,000. On the other hand, you can transfer funds up to NRs. 20 lakhs in a day from internet banking. Source: Unified Directives 2078/79 (Nepal Rastra Bank) The mobile banking system is popular among individual banking customers while internet banking is mainly for corporates. This transaction limit applies to all mobile banking systems as well as including connectIPS connectIPS too has updated its transaction…

On December 2021, Mega Bank Limited had upgraded its mobile banking system with a new banking experience. It has upgraded its UI/UX along with entering in the Omni-channel system. An omni-channel approach means that distribution, promotion, and communication channels are all integrated. It signifies that your information is already stored in the system and that you do not need to verify it again. With this, Mega Bank also enters in the clubs of banks that have entered into the Omni-channel banking system. Currently, the banks like Standard Chartered Bank and NMB Bank have their own Omni-channel system. A bank entering…

ConnectIPS allows you to pay your life and non-life insurance premiums directly from your personal account at any member bank or financial institution. Such payments can be made in real time using connectIPS (web and mobile app) or the different insurance providers’ websites (using connectIPS gateway). You can pay the insurance premium of 30+ insurance companies including life and non-life insurance companies from connectIPS. Moreover, it allows real time settlement which makes the transaction fast and easier. How to pay insurance premium using connectIPS? You can pay your insurance premium from using connectIPS in three different ways. From the official website…

Ever had a problem while loading funds in your digital wallet? Sometimes you run out of the balance and can not load the fund if you have no internet connection. Moreover, the worst case is if you have no agent network nearby. Do not worry even if you do not have an internet connection or agent networks nearby. Now, you can also load your PrabhuPay wallet using the kiosk machine. How to load Prabhu Pay Wallet Using the Kiosk Machine? Visit one of the Kiosk machines and select the PrabhuPay icon on the screenEnter your PrabhuPay username and click on…

Fonepay has reached yet another milestone in the month of Poush by crossing NRs. 51 billion worth of transactions across its networks. It has reached this milestone in a single month which is a great achievement for the digital ecosystem. This has proved that the practice of digital payments is increasing rapidly in Nepal. In the month of Poush alone, Fonepay has crossed this transaction amount through 44 lakhs transactions. Using the Fonepay network, one can opt for digital payments through: QR Code Interbank TransferOnline Merchant PaymentMobile Banking After reaching an NRs. 51 billion transaction amount, Fonepay has shared this…

Elizabeth Holmes might be a new name for a lot of people. The name sounds like that of a celebrity. Indeed, she was once a celebrity entrepreneur who rose to fame from her startup- Theranos. However, there is a dark story of her which might make you think ten times before you invest. We hear the news of unicorn startups getting millions of investments in their venture in India and other countries. Nepal is also experiencing the growth of startups that started early on. Recently, a Nepalese startup company Foodmandu is receiving an investment of approximately USD 4 million (NRs…

Get ready to enjoy the huge cashback on Khalti while booking a flight. Khalti, Nepal’s leading online payment service provider, has teamed up with Yeti Airlines to offer the biggest and fastest cashback of Rs. 450 on domestic flight bookings from Yeti Airlines App. The cashback amount will be distributed in two stages: Rs. 150 will be taken from the bill amount and the remaining Rs. 300 will be credited to your Khalti ID. Users would receive a total of Rs. 450 in cashback on flight bookings. This offer is valid from January 13, 2022, through February 15, 2022. How…