TLDR: Three-point highlights Everest Bank, a joint venture partner with Punjab National Bank India, has launched FoneTAG, the first of its kind offline digital payment solution in the Nepali market in collaboration with Fonepay, Nepal’s largest digital payment network. FoneTAG enables customers to make merchant payments by presenting NFC tag or a CPQR code (customer…
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…
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…
In today’s world, digital banking has become a necessity for people worldwide. With the advent of technology, the traditional ways of banking are rapidly being replaced by online banking. As a result, financial institutions are continuously looking for ways to improve their services, making them more accessible and secure for their customers. In this regard,…
Comedy champion is a Nepali stand-up comedy reality show, that started airing on Kantipur television. The show has successfully completed 2 seasons; now, the organizing team is searching for the next comedy champion via its third season. The form for the digital audition of Comedy Champion Season 3 has already been made available. Anyone who…
Digital payment systems like Payment System Providers (PSPs) and Payment System Operators (PSOs) can now receive foreign direct investment (FDI) in Nepal. On Thursday, Nepal Rastra Bank issued a Licensing Policy for Digital Payment Systems through the Payment Systems Department. The document includes a set of rules and guidelines policies for the payment system companies…
With an objective to fully digitize Manakamana temple area, NMB Bank and FonePay are collaborating to promote digital payments. In this regard, NMB Bank is distributing QR Codes which are operated by FonePay to the vendors around Manakamana bazaar area. On the 16th of December 2022, the Executive Director of Nepal Rastra Bank Guru Prasad…
Have you ever been in a situation where you paid the whole amount for a lunch and had to keep on asking your friends for many days for a refund? It is quite awkward when you have to ask your friends to pay back the amount you paid before, right? To save you from those…
NRB licensed payment system operator Smart Choice Technologies and Everest bank have entered into the agreement to operate QR payments through Smart QR. Both companies entered into this collaboration where Narayan Prakash Bhuju, CEO of Smart Choice Technologies and Bijay Kumar Sharma, Deputy CEO of Everest Bank signed the agreement paper. With this collaboration, the…
Despite numerous notices from NRB regarding the prohibition of gambling and trading in betting sites and apps in the name of Fantasy games or any betting games, PSPs and PSOs in Nepal are still facilitating for payments in the betting sites and apps during this World Cup 2022, allowing users to involve in illegal gambling….
