Under the category fintech, you will gain insights, information and knowledge about Nepali fintech companies and their international counterparts.
In a landmark event held in Kathmandu, Nepal, PhonePe, the leading digital payments platform, showcased its services powered by the Unified Payments Interface (UPI), a pioneering digital payments system.This move aims to revolutionize cross-border transactions, facilitating seamless digital payments for Indian tourists visiting Nepal and paving the way for Nepalese visitors to India to enjoy…
Nepal Clearing House Limited (NCHL), the leading payment system operator established under the leadership of Nepal’s Central Bank and banks & financial institutions, today announced the launch of XUNO cross-border Request to Pay (R2PX). Offered as a feature integrated within connectIPS, a multi-banking single payments platform established and operated by NCHL, R2PX is the first-of-its-kind…
In an exciting development for Nepal’s financial technology landscape, the FinTech Alliance Nepal (FAN) has recently joined the prestigious Asia FinTech Alliance (AFA) network. This membership marks a major milestone for FAN as a leading advocate for fintech innovation and digital financial inclusion in the country. As part of the AFA, FAN now joins hands…
ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced that Nepal Clearing House (NCHL), a public limited company under the leadership and guidance of Nepal Rastra Bank (NRB,The Central Bank of Nepal), has chosen the award-winning ACI Enterprise Payments Platform for establishment and operation of National Payment Switch (NPS) that includes interoperability of card based transactions (NPS National Card Switch or…
Visa announces the fourth edition of Visa Accelerator Program with an open call for applications. The initiative aims to enable startups in Nepal to unlock growth potential by collaborating with Visa’s payments experts. The 2024 edition focuses on new opportunity areas – Artificial Intelligence (AI), Global Money Movement and Loyalty of the Future, with an emphasis on areas like Digital…
Laxmi Sunrise Bank has partnered with FoneNXT to launch an innovative new digital banking service called OrangeNXT. This service aims to transform Nepal’s digital banking landscape by providing a seamless, mobile-first banking experience tailored specifically for digitally savvy millennials and GenZ customers. As opposed to traditional banking apps, OrangeNXT allows users to open accounts, apply…
Nepal Clearing House Ltd. (NCHL) has processed total transaction of over NPR. 84 B through its payment systems on the last day of Poush 2080. Both transaction volume and value has increased by 60 percent and 70 percent respectively as compared with the same day last year. NCHL-ECC, NCHL-IPS and RPS has processed transactions equivalent…
The growth of digital payments and financial services has been accelerating rapidly in Nepal. To discuss the opportunities and challenges surrounding digital wallets in the country, Fintech Alliance Nepal (FAN) is organizing a Fintech Fridays panel discussion on “Digital Wallets: Challenges and Opportunities in Nepal” on January 19, 2024 at Hotel Yak & Yeti. The…
F1soft Group, Nepal’s leading fintech conglomerate, has launched a new vertical – Fonepoints. Fonepoints is a reward management platform that aims to revolutionize the way individuals and businesses engage with loyalty programs. With Fonepoints, businesses can enable their customers to earn points on every purchase, referral, or engagement activity and redeem them for a variety…
HSBC has launched a new international money app called Zing in an effort to take on fast-growing financial technology competitors like Wise (formerly TransferWise) and Revolut. The Zing app allows UK customers to open multi-currency accounts online and convert between 10 major global currencies at lower foreign exchange fees than HSBC typically offers. It’s currently…
