Author: TechSathi

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…

Standard Chartered Bank Nepal has introduced a “Scan and Pay” feature that allows its customers to scan and pay merchant QR codes to make contactless payments at over 200,000 merchant locations under the NEPALPAY network. NEPALPAY QR has been implemented by Nepal Clearing House Limited(NCHL) as part of the National Payment Switch which complies with the NepalQR standards published by Nepal Rastra Bank. It works as an independent QR scheme and allows QR interoperability at the merchant level and network level. The infrastructure is expected to support and accelerate the current growth of QR transactions in Nepal. Merchant acquiring under NEPALPAY QR network by the banks & financial institutions and payment…

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…

The first virtual event of the vivo Tech Talk brings together distinguished industry experts from Nepal and Pakistan to discuss the state and future of 5G in the region vivo today launched ‘vivo 5G Talk’, a virtual event that brought together industry experts from Nepal and Pakistan for a conversation about the current state of 5G in the region and its potential to transform businesses and everyday life in the imminent future. This event sets the stage for vivo’s ‘Tech Talk’ initiative, designed to stimulate meaningful conversations for the advancement of telecommunication technologies, reinforcing vivo’s commitment to pioneering innovation and…

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…

Fonepay Payment Service Limited (Fonepay), Nepal’s leading digital payments company, today announced an agreement with NMB Capital Limited, a prominent Nepali investment bank, to provide advisory services for Fonepay’s initial public offering (IPO) and listing on the Nepal Stock Exchange. The partnership marks a pivotal moment for Fonepay as it takes concrete steps toward achieving its long-held goal of becoming a publicly traded company. Founded in 2073 BS, Fonepay has revolutionized digital payments in Nepal, enabling millions of Nepalis to pay for goods and services quickly and securely using their mobile phones. “An IPO and public listing have been priorities for us since day one,” said Diwas…

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…

Today, Apple launches iPad versions of the popular creative software, Final Cut Pro and Logic Pro, granting filmmakers and musicians greater flexibility and intuitive control through an all-new touch interface. These iPad-specific versions enable users to take full advantage of the Multi-Touch interface, revolutionizing their creative workflows. Final Cut Pro for iPad offers an immersive set of tools for recording, editing, finishing, and sharing videos, all within the convenience of a single device. Similarly, Logic Pro on iPad empowers music creators with a comprehensive suite of sophisticated tools for songwriting, beat making, recording, editing, and mixing, essentially transforming any location…

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…

AIESEC in Patan, a youth-led organization, is gearing up to host the second volume of their highly anticipated event, “Mental Health Matters,” aimed at raising awareness about mental health among students. The event will take place during the “World Mental Health Awareness Week,” which spans from 15th to 21st May. Dedicated to tackling the prevalent issue of anxiety, the event will feature renowned teachers from the Art of Living who will conduct informative sessions on mental health. Five schools in Patan, including Gyanodaya Bal Batika, Pragati Adarsha, Vajra Academy, Nightingale, and Sudesha, along with three prominent colleges – KCM, National…