The esteemed digital wallet in Nepal, eSewa Fonepay Pvt. Ltd., has received an ISO 27001:2013 certificate after ACM EMB Pvt. Ltd. independently assessed the Information Security Management System of the company. The company has now received the prestigious ISO 27001:2013 certification for the Online Payment Gateway, Wallet, and Settlement Switch.
The company, eSewa, has been providing mobile and internet payment services for nearly a decade. Further, receiving the ISO certificate has brought the company to the global standards, which also shows that the company is in execution with high quality, safe and reliable services, and digital infrastructure.
The chief executive of eSewa, Subas Sapkota says, “From the very beginning, we were concerned about communication, privacy, and safety of our users. Additionally, we have adopted a global module of execution to run our technology-based business. Similarly, we are working in accordance with the terms of ISO 27001, a global benchmark for the information systems. As a consequence of it, we have successfully received our ISO 27001:2013 certificate. And this is good news for us, our customers, agent networks, bank and digital platforms, service providers, and all other associates. This great achievement proves that our services are truly reliable and safe at the same time.“
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What is ISO 27001:2013?
ISO 27001:2013 is a globally recognized standard for information and data security. It deals with the management of information security system, which is crucial for an organization. ISO 27001 also enables organizations to realize their weak point and work on them. Organizations that meet the standard’s requirements are ultimately eligible for being certified by accredited certification bodies.
Importance of ISO:
ISO is the globally recognized standard to examine information data security of any organization/company. Moreover, it presents and explains several ways to ensure data safety and privacy. Without an information security system, the organization tends to be disorganized and there might be questions on safety, privacy, and reliance on their service. Being ISO certified means that the system is meeting all the globally recognized standards required for a proper information security system.
In 2001, the beta version of eSewa was released and the responses were amazing. The actual service started on 25 January 2010, and today, it has a user count of nearly 35,00,000. Besides this, eSewa has successfully contributed to the nation’s plan of generating a cashless economy.
Currently, eSewa has more than 1,00,000 agents (eSewa zones and points). Along with it, more than 35,00,000 have downloaded eSewa Mobile App on their device. eSewa seems to hold the front line attention of Nepali users online when it comes to digital transactions and payments.