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…
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…
connectIPS has rolled out a massive update for its app, which introduces a fresh new look and a host of new features to enhance the user experience. The update, which is available for both Android and iOS devices, aims to provide a more intuitive, personalized, and secure banking experience for the users. Whats’ New in…
India’s ascent to a global innovation epicenter is a testament of government initiatives such as AatmaNirbhar Bharat and ‘Make in India’, encouraging and driving the nation’s digital transformation. India’s digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape. Celebrating this burgeoning ecosystem, the inaugural DATE (Digital Acceleration and Transformation…
eSewa, the leading digital wallet in Nepal, has launched a eSpeaker device that notifies details about transactions through voice to make digital payment confirmations easier and more efficient. In the launch ceremony held at F1Soft Group Tower on Kartik 1 (October 18), eSewa announced that the eSpeaker device offers instant payment receipt confirmation through an…
Hamro Pay, the digital wallet embedded within the Hamro Patro app, is an emerging digital wallet in Nepal that was launched just a few months ago. Hamro Pay has introduced a new audio device called “Koili” which speaks to you when you scan a QR code with your phone. Crafted by Biz Craft Company, the…
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…
Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to collaborate on developing an interoperable digital payment system that will enable seamless and affordable cross-border payments. The partnership aims to bridge the gap between the two countries’ payment ecosystems by revolutionizing the digital payment…
The Ultra app is a new type of app that combines multiple services into a single platform, making it easier for users to communicate, transact, and shop. Astra Tech, the leading consumer technology holding group in the MENA region, has launched Botim 3.0, the world’s first “Ultra app” that surpasses the traditional super apps by…
IME Digital Solution Ltd. (IME Pay) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for National Payment Switch to introduce various instruments and use cases of Retail Payment Switch including NEPALPAY QR, NEPALPAY Instant, NEPALPAY Request including tokenization and Biller Gateway. The agreement was signed by Mr. Praveen Regmi, CEO of IME Pay, and Mr….
