CAN Infotech 2022 has already started today at Bhrikutimandap, Kathmandu. The 27th ICT exhibition organized by the Computer Association of Nepal (CAN) has kicked off today with the stalls of various companies, organizations, and businesses contributing to the ICT sector. This expo is happening till the 25th of April, 2022. This expo is featuring various…
connectIPS has introduced an exciting feature for its users where you can transfer money up to Rs 100,000 without entering the OTP passcode. connectIPS No-OTP feature will enable you to transfer money easily and faster. Normally, connectIPS requires a dual verification in both logging in and while making payments. While making payments, the sender needs…
The RuPay card, having more than 60% coverage in the Indian cards market in 2020, has finally launched in Nepal. PM Sher Bahadur Deuba and Indian PM Narendra Modi jointly launched RuPay Card in Nepal today (April 2, 2022), on Deuba’s three-day visit to India after being the Prime Minister of Nepal in July 2021….
Digital lending is getting popular with the rise of digital banking and digital payment practices. Digital lending products like Buy Now Pay Later (BNPL) are booming in the global market, including the markets of the USA and Europe. According to TrueLayer, BNPL services are expected to rise by the highest among the digital payment methods…
Prabhu Bank adds Foneloan BNPL feature in its mobile banking app where you can scan now and pay later to the bank for the goods and services you purchase. This feature is available to salary account holders only at present. However, the bank will add other accounts too in the near future. With this feature,…
NEPALPAY QR, as an implementing infrastructure of NepalQR, is now operational that went live recently with a few of the BFIs and PSPs. NCHL made an official announcement in this regard at a joint Press Meet organized today (11th of March, 2022). The event was organized in the presence of Ashoke SJB Rana, CEO of…
Insurance coverage in digital wallet is possible now in Nepal. To this date, it was available in insurance and banks only. Now, a wallet named MyPay is offering insurance coverage of NRs. 1 Lakhs to Nepali users. Previously, wallets were used to facilitate online payments of insurance premiums only. With this, MyPay becomes the first…
NRB has reduced the domestic remittance limit by one-fourth. It has narrowed down the daily, per transaction, and per person limit of domestic remittance amounting to Rs 25,000. Previously, this limit was Rs 100,000. On Wednesday, the Payment Systems Department in NRB issued a notice regarding this change in the transaction limit of domestic remittance….
CORPORATEPAY transactions exceeded more than NRs 55 billion this fiscal year. It is a system by NCHL among the other six systems. The system has been in use as a business payments platform for member banks and financial institution customers. It was developed by NCHL in order to provide an easy digital payment platform for small…
Department of Customs Nepal has processed digital revenue collection of over NRs 7.4 Billion transactions till the end of Magh 2078. It was started as a pilot project from Poush 1, 2078 from the Dry Port Birgunj Customs Office. On the 12th of Magh, 2078, Finance Minister Bishnu Poudel formally launched the e-payment system for…
