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….
Inauguration day of FIFA World Cup 2022 in Qatar is just a day away. Since Media Hub got exclusive broadcasting right of the matches from Viacom 18, Nepali people can watch the live stream on their TV. To watch FIFA this time, we have to compulsorily pay NRs. 565 with taxes. About the fees, there…
IOE entrance form is now open for the Engineering aspirants and the deadline of submitting is 6th of Kartik. Filling and submitting the form for IOE entrance exam is completely an online process; however, for depositing the entrance fee you can do so physically by visiting the nearest Siddartha Bank branch. But, who chooses to…
NCHL-IPS, the interbank payment system platform under Nepal Clearing House Limited has recently updated its settlement and exchange timings. Transaction sessions that used to take long hours before can now be processed within an hour or not more than 2 hours. But before that, let us know in detail about NCHL-IPS. NCHL-IPS is an interbank…
Do you miss paying the utilities in time or just remember at the last date? You are not alone. A lot of people forget to pay bills in time. This festive season, we might be busy enjoying ourselves with our family and relatives. However, your payment date waits for no excuses. Due to the work-life…
eSewa , the oldest, first, and pioneer digital wallet in Nepal for the last 13 years, has suddenly disappeared from Google Playstore. However, the application is available and successfully running in the Appstore. Previously, Khalti and Imepay – another digital wallet in Nepal also faced similar problems and was unlisted in the Play store for…
