Author: Radha Sapkota

Hi, I am a postgraduate student of Economics, stock market enthusiast, an occasional storyteller and a habitual reader.

Nepal Rastra Bank (NRB) has raised the limit for transactions via mobile banking and internet banking by two folds. On Wednesday, March 3, NRB’s Payment Systems Department issued a circular to Banks and Financial Institutions (BFIs) regarding the recent revision made in the transaction limit for digital payments carried out through mobile banking and internet banking. According to the circular by NRB, the new transaction limit for digital payments through mobile banking is up to Rs 2,00,000 daily, which was up to Rs 1,00,000 before the revision. Similarly, the daily transaction limit for merchant payment and account transfer from internet…

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Since the 50 days of the official launch of the CORPORATEPAY system, it has crossed the onboarding of over 50 institutional customers and process transactions of more than NRs 50 Crores. The system has been in operations as a business payments platform to enable digital transactions for institutional customers of the member bank and financial institutions with a specific focus on small/ mid-size enterprises and other institutions. The institutional customers can initiate various types of payment transactions including fund transfer, salary payments, vendor or party payments, government payments and other service payments with the needed internal controls for such institutions and…

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On the 16th of Falgun 2077, Nepal Police had allowed the beneficiaries to print Police Clearance Report on their own, after applying for it online. The applicant can apply for the Police Clearance Report online from the Online Police Clearance Registration System and proceed for a color-print of the report on A4 size paper. Then, that report could be submitted directly to the Department of Consular Services, Ministry of Foreign Affairs for verification. How to apply for Online Police Clearance Report? Go to the website of Nepal Police at Nepal Police- http://nepalpolice.gov.npOn the ‘Need Public Services’ option, click on the…

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eSewa never fails to delight its users through lucrative offers and contests. You can get up to 50% cashback on the purchase of bus tickets from BusSewa service provided by eSewa. While ticketing online, using this service of eSewa would be more cheaper to the customers. eSewa has started this service for easing bus ticketing from east to the west of Nepal. The offer has following discount schemes:1. Kathmandu- Kakarvitta-Kathmandu This route has been operated by Prime Yatayat. In this route, you’ll get a discount up to 24%. The offer is available at NPR 950, a cut off from the…

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eSewa “21 Days Challenge” has officially started on February 26 2020 where you can be lucky enough to bag a brand new iPhone 12 and win a daily prize of 100% cashback up to Rs 5,000. How to participate in eSewa “21 Days Challenge”? It’s simple! You need to use eSewa to transfer funds via the “Send Money” option for at least 7 days within 19 days from today. This offer is valid up till March 18, 2021. How to send money via eSewa? 1. log in to your eSewa ID2. Click on the “Send Money” option3. Enter recipients’ eSewa…

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eSewa has recently introduced a realtime DEMAT renewal service which can be performed via Meroshare. Now, you can either renew your DEMAT account only, or MeroShare only or both Meroshare and DEMAT account with the eSewa payment option available in the portal of Meroshare. MeroShare is the portal for capital market investors developed by CDS and Clearing Limited. The main purpose of this system is to apply for IPOs, FPOs and right shares, checking for the IPO result, daily portfolio, WACC calculation, performing EDIS after selling of shares and having a single-point portal for overall information and details you have…

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A secured, trusted and convenient payment service provider, connectIPS has its own grandeur in the fintech industry of Nepal, where it is more preferred over available digital wallets for making payments to financial institutions. While some digital wallets lack integration and options to make financial payments like hire purchase or capital market payments, credit card payment (some of them have very limited options), this system is way more convenient for this particular purpose. About ConnectIPS ConnectIPS is a single payment platform developed by Nepal Clearing House Limited (NCHL) to render easy, secure and faster digital payment and fund transfer options…

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Xiaomi has been declared Nepal’s No. 1 smartphone brand overall for the year 2020. As per IDC Worldwide Quarterly Mobile Phone Tracker, which generally studies the preference of smartphones in the countries on the basis of their shipment volume and market share, Xiaomi has bagged this position again for the fourth quarter of the year 2020, which has made it to the top. It was a #1 brand both for the first and the third quarter of 2020 as well.  Xiaomi Nepal has recently declared this achievement and shared their joy of being the most chosen brand among smartphones in…

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Imagine getting a loan directly into your bank account with just a click on your smartphone! Doesn’t that sound cool? Well, in reality, it is a hot topic these days. F1 Soft International has introduced its innovative digital lending service for its customers; named as FoneLoan, where the loan can be instantly disbursed from their respective bank without any physical presence, paperwork, or collateral deposit. To date, this service is being enjoyed by the customers of Nabil Bank Limited, Laxmi Bank Limited, and Kumari Bank Limited.  This collaboration between F1 Soft and the commercial banks has created a buzz in…

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