Author: Radha Sapkota

Priority to improve user experience with Viber’s own digital wallet Viber Pay and other features enhancement Popular social media messaging app Rakuten Viber is entering the fintech category with Viber Pay, following the appointment of new CEO Ofir Eyal. Under the leadership of Eyal, Viber is heading towards becoming a super app from now on. Needless to say, it had already started its services to integrate chatbot systems for digital payment systems and other telecommunications. Nepal too has a large number of Viber users. It has been a few years since Nepali digital wallets like eSewa and Khalti have been…

Well, almost every dual SIM user keeps Ncell SIM in their phone. With more than 16.3 million subscribers, Ncell has grown to become the second largest telecommunication company in Nepal. A subsidiary company of Axiata Group Berhad, Ncell started in 2004 as the first private mobile service provider in Nepal. Throughout its journey, Ncell has continuously updated its services to its customers and subscribers. Today, it has its own Ncell app, which is on the road to becoming Ncell super app. A super app integrates major functions like social messaging, digital payments, digital marketplace, rewards and benefits, e-mobility, utility bill…

The wave of QR code payment has brought a revolution in the field of digital payments. During the pandemic of Covid-19, physical restrictions over travel, shopping and events somehow have been a catalyst for the emergence of contactless payments like QR to become prime payment mediums. Moreover, the usage of mobile phones for numerous purposes including mobile payments have caused a boom in the whole Fintech industry in the world. The global payment giants like Paypal, Google Pay, Venmo, etc. have gained a wide popularity even in the emerging economies like India. In Nepal too, digital payment systems have soared…

NMB Capital Ltd. (NMBCL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payments processes, including disbursements and collections, through NCHL’s payment systems. With this, NMB Capital has also become a part of National Payment Switch (NPS). National Payment Switch is the system under NCHL, developed for the interoperability and prompt settlement of financial transactions between and among the companies, government and financial entities. The agreement was signed by Mr. Deepesh Kumar Vaidya, CEO of NMBCL and Mr. Neelesh Man Singh Pradhan, CEO of NCHL. By directly integrating its systems with the National Payments Interface…

The investors and traders of Nepal Stock Exchange are pretty aware of the requirement to load collateral while buying securities through the online portal of NEPSE TMS. Each time you buy securities through the trading management system (TMS) of Nepal Stock Exchange (NEPSE), you must load collateral in NEPSE TMS. Among the 50 stock brokers in Nepal, each one have their own TMS portal through which you can digitally trade securities listed in NEPSE, without visiting the broker office. While buying the securities like stocks, mutual funds and debentures in NEPSE, you must load the collateral amount which is paid…

Did you check out IME Pay digital wallet’s new UI/UX? It has upgraded mobile app to version 3.1.6 with its user interface and user experience in August 1, 2022. You can find the change after updating the app from Google PlayStore or App Store and get to see the vibrant icons for payment tabs. What’s New in IME Pay Digital Wallet? #1 Vibrant Display There you can see colorful payment icons displayed in the home page. This is the major update in the UI of IME Pay digital wallet. The icons are colorful which makes it easier to recognize between…

If you do not want to reply upon insurance agents while buying insurance policies, Mero Beema will help you out. It is a new product in the market launched just today, that helps you make decisions regarding your insurance policies. Mero Beema is officially launched today as Nepal’s largest insurance aggregator amid an event at Hotel Mariott, Kathmandu. It was inaugurated by the Minister of Informations and Communications Technology Gyanendra Bahadur Karki at the Futuristic, Banking & Insurance Summit 2022, presented by the company itself. The event took place with some panel discussions where the speakers from banks and financial…

After the big merger of banks and insurance companies, the turn of digital payment systems have arrived. The digital payment systems like digital wallets are the next target of NRB to command for the merger and acquisition process. The Monetary Policy 2079/80 presented by the NRB on Friday (Shrawan 6, 2079) hinted about the preparation of NRB to let the digital payment systems for the merger of PSPs and PSOs that are operating in Nepal. Monetary Policy Guidelines Digital Payment System What is merger and acquisition? A lot of companies go into merger and acquisition due to various strategic reasons.…

The use of digital wallets is increasingly being popular in Nepal. While most of the digital wallets are advertising about cash backs while linking the bank accounts, a significant number of the users load digital wallets from credit cards. While loading the wallets from bank account is free, sometimes you might need to load it from the credit card. At times when you have no balance in the bank or cash in hand, paying through the credit cards might be problematic in Nepal where POS machines are not available. Additionally, the credit cards come with certain restriction while withdrawing cash.…

The jaw dropping increase in the price of the US Dollar is making daily headlines in the world. With this increase, some sectors are having a rise while some are getting into churning a lot of costs. Be it a company or the whole economy, almost every country in the world is being affected through this hike in the US Dollar price. Since the global trade impliedly relies in the US Dollar across the countries (in most cases), the rise in US Dollar has been a boon to some countries, while some economies, are in a huge loss. Why is…