Author: TechSathi

IME Digital Solution Limited’s ‘IME Pay’ has recently acquired ‘PCI DSS’ certification. With this certification, IME Pay has successfully become the safest Safest Digital Wallet in Nepal. Since its establishment, IME Pay, with its specific focus on safeguarding the personal information and details of its users, has managed to secure this certification after fulfilling the standards set by PCI DSS through the SISA Information Security. This certification is renewed every year following an audit. In the same sequence, this year as well, IME Pay has renewed the ‘PCI DSS’ certificate by meeting all the standards. IME Pay has been able…

Nepal’s fast-growing FinTech sector has received a major boost with Nepal Electronic Payment Systems (NePS) being elected to the PCI Security Standards Council Advisory Board through a global voting process. Nepal Electronic Payment Systems (NePS) has now joined an elite group of major technology and financial services companies serving on the Advisory Board for the next two years (2023-2025), including Amazon, Apple, Bank of America, Barclays Bank, European Payment Council, HDFC Bank, IBM, JP Morgan, Microsoft, NPCI, PayPal, Samsung, Saudi Payments and Walmart. NePS CEO Sanjib Subba said the election reflects growing recognition of Nepal’s rapidly developing payment ecosystem. “This is a historic achievement for Nepal,” he said. “Serving on the Advisory Board will give us an opportunity to learn from…

NPCI International Payments Limited (NIPL)and Nepal Clearing House Limited (NCHL) joined hands to facilitate cross-border digital payments between India and Nepal by integrating Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal. The MoU was exchanged between NIPL, represented by Mr. Ritesh Shukla, CEO and NCHL, represented by Mr. Neelesh Man Singh Pradhan, CEO at Hyderabad House, New Delhi in the honorary presence of H. E. Narendra Modi, Prime Minister of India and H.E. Pushpa Kamal Dahal ‘Prachanda’, Prime Minister of Nepal during his state visit to India. The MoU intends to establish a cross border…

Fonepay of Nepal and LankaPay of Sri Lanka have signed an MoU to collaborate. The aim is to develop an interoperable digital payment system that enables cross-border payments. This will allow customers and businesses on both payment networks to make affordable and convenient transactions across Nepal and Sri Lanka. The partnership looks to revolutionize the digital payment landscape and bridge the gap between the two countries. It has the potential to significantly fuel commerce and growth between Nepal and Sri Lanka. Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment…

Opensignal has today released a comprehensive report detailing the performance of various US fixed broadband internet service providers. The May 2023 US Fixed Broadband Experience Report offers insight into download and upload speeds, consistency, and many other facets of broadband performance across the nation. Covering an extensive range of broadband providers, the report includes those serving at least four out of five regions and reaching a minimum of one million homes. Providers covered in the report encompass a broad spectrum, from Incumbent Local Exchange Carriers (telcos) and cable companies to Fixed Wireless Access (FWA) providers, overbuilders, rural co-op initiatives, and…

realme, the world’s fastest-growing smartphone brand, has built a reputation for excellence in Nepal since launching in 2019. By focusing on innovation, technology, performance and affordability, realme has consistently achieved high customer satisfaction rates, setting a new standard in the Nepalese smartphone market. realme’s commitment to providing flagship-level products and services at reasonable prices and empowering users with cutting-edge technology has made it one of Nepal’s most popular smartphone brands. realme reports an impressive 1.01% repair call rate in 2022, compared to sales volume. This indicates realme has received very few part repair issues relative to sales. In 2022, realme…

connectIPS has introduced a ‘Refer a Friend’ offer that allows existing users to refer and recommend his/her friends and family to enroll in connectIPS. The referrer will receive Rs 25 in the primary linked account and the referee will be eligible for mobile top-up of Rs. 25 as an incentive. The offer is valid from 1st Jestha 2080 till 31st Ashadh 2080. The referrer needs to share his/her referral code to his/ her friends or family. The referee will at the time of registration as new user will use such referral code. The incentive will be disbursed once the new…

India is one of the fastest-growing economies in the world, and digital commerce has emerged as a key driver of this growth. However, the digital commerce ecosystem in India is still fragmented, with multiple payment systems, logistics providers, and merchants operating in silos. This fragmentation not only creates friction in digital commerce but also limits the potential of small and medium-sized businesses to participate in the digital economy. To address this challenge, the Indian government has launched the Open Network for Digital Commerce, or ONDC. This initiative aims to establish a shared digital infrastructure that will enable seamless integration between…

Nepal Rastra Bank (NRB) recently published its latest report on the country’s economic and financial status, highlighting several positive indicators that point to Nepal’s economy exhibiting resilience in the face of the global economic crisis and recession. According to the NRB Report, Nepal’s economy shows a surplus of Rs. 180.17 billion in the balance of payments. The inflation rate based on the Consumer Price Index (CPI) stood at 7.76% on a year-on-year basis. Imports decreased by 18.1%, exports declined by 26.3%, and the trade deficit narrowed by 17.1% Remittances increased by 24.2% in Nepali Rupee terms and 13.9% in US Dollar terms. Gross foreign exchange reserves remained robust at NPR 1433.73 billion,…

The Ultra app is a new type of app that combines multiple services into a single platform, making it easier for users to communicate, transact, and shop. Astra Tech, the leading consumer technology holding group in the MENA region, has launched Botim 3.0, the world’s first “Ultra app” that surpasses the traditional super apps by enabling users to communicate, transact, and shop globally. The Ultra app is built on top of a comms platform that offers a significantly different user experience from service-based super apps. It provides a range of services, including Botim Money, Botim Stores, and advanced video services,…