Author: Radha Sapkota

NCHL-IPS, the interbank payment system platform under Nepal Clearing House Limited has recently updated its settlement and exchange timings. Transaction sessions that used to take long hours before can now be processed within an hour or not more than 2 hours. But before that, let us know in detail about NCHL-IPS. NCHL-IPS is an interbank payment system developed by NCHL NCHL-IPS is a whole different system that supports the transfer of funds from one account to any other account held at any member banks and financial institutions (BFIs). These all transactions are operated by the respected banks and are processed…

Do you miss paying the utilities in time or just remember at the last date? You are not alone. A lot of people forget to pay bills in time. This festive season, we might be busy enjoying ourselves with our family and relatives. However, your payment date waits for no excuses. Due to the work-life imbalance or rising stress among the working individuals, missing to pay bills is commonplace these days. And it is no doubt that you will either be charged late fees, or the service will be stopped for you if you fail to pay the bills like…

Thamel Remit Pvt. Ltd., a Nepal Rastra Bank-licensed remit company has recently become a member of Nepal Clearing House Limted (NCHL) and has started integrating its National Payment Switch (NPS) as the domestic rail for instant remittances. This membership enables remittance senders from the USA to directly send money to Nepal in just a few seconds. Excited about the integration of National Payment Switch in Thamel Remit, Bal K. Joshi, Co-founder of Thamel Remit shares, This integration makes Thamel Remit the first digital money transfer company enabling instant settlement in non-card based, bank-to-bank transactions from the USA to Nepal corridor.…

The most renowned award in the IT and technology industry is again happening this year. As it is nearing the finals, the ICT Awards has announced the top 12 startups, products, and innovations for ICT Award 2022. The top 12 winners in each of the three award categories—Startup ICT Award, Product ICT Award, and Rising Star ICT Award—have been revealed. 45 startups in the startup category, 36 products in the product category, and 52 students’ innovative ideas in the rising star category applied for the most prestigious award in the field of Information and Communication Technology. Razan Lamsal, Coordinator of…

IME Pay has been a youthful digital wallet brand in Nepal that has a lot of features that keep you hooked up with it while making digital payments. Obviously, it is its delighting cashback offer if you see the benefits from the consumer’s end. And there are more new benefits that give a hint that IME Pay is not just a digital wallet, it is more than that. 5 Reasons that Make IME Pay More than Just a Digital Wallet Indeed, IME Pay is the first digital wallet to get licensed as a PSP from Nepal Rastra Bank. By PSP,…

The customers of NIC Asia Bank can now scan Smart QR through their NIC Asia MoBank and make QR code payments. NIC Asia Bank and Smart Choice Technologies (SCT) have signed the agreement to allow NIC Asia MoBank users to scan Smart QR at the point of sale and pay through the mobile banking app. How to scan Smart QR through NIC Asia MoBank? Mobile banking users can choose Smart QR payment in the payment option available in the NIC Asia MoBank app. The users of NIC Asia MoBank can follow these simple steps to use this service: Log in…

Just note how many times you made a QR code payment in the last 24 hours. It might be at least once, right? If not also, your mobile banking system already has a QR code payment option right at the mid-bottom. And, the digital wallets too have the QR code payment option. The reason for writing about QR code payments is that the growth of this particular category is ahead above all other payment systems in Nepal for the last few years. Just in the month of Magh 2078, QR code payments totaled more than Rs 6.8 billion in value.…

On the day of September 15, 2022, Mr. Purshottam Bhatia, Head of Sales (South Asia) at Kaspersky paid a visit to Nepal. In this regard, TechSathi had an opportunity to interview him at the premises of Sagar Group, which is the official dealer of the popular cyber security-based product Kaspersky. Kaspersky is one of the world’s largest privately owned cybersecurity companies. It operates in 200 countries and territories and has 35 offices in 31 countries. Nepal is also a vital market for Kaspersky as its anti virus product is more popular among others in the market. About Purshottam Bhatia, Head…

Nepali companies participating in global events is a rare occurrence in general. In this regard, a growing company in global tech talent sourcing, Swivt Technologies is exhibiting with its stall at the prestigious Singapore Business Show 2022 on September 28 and 29. The event is happening at 1 Expo Dr in Lion City Singapore, where thousands of entrepreneurs, business leaders, and tech enthusiasts get together and share their experiences, and ideas so as to inspire one another. This show has been running for the last 25 years in a row, which is a great opportunity for business leaders and entrepreneurs…

Global IME Bank’s SCT Card Holders can now get cashback up to 33.33% in this Dashain while making the payments through their SCT Debit/Credit cards. Targeting this festive season, Global IME Bank has introduced the “Dashain Dhamaka 3D Offer” in partnership with Smart Choice Technologies (SCT). SCT is the first card company in Nepal that has been providing services like debit/credit cards, and QR codes. The bank claims it this offer is the biggest of its own where the SCT cardholders of Global IME Bank can use their debit or credit card at any point of sales (POS) and get…