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…
You can now scan NEPALPAY QR from mobile banking apps of any commercial bank in Nepal and make payments instantly. Nepal Clearing House (NCHL), the parent company of NEPALPAY made this announcement today. NEPALPAY QR is a simple and secure way to pay from your mobile phone. You just need to scan the QR code…
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…
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….
NEPALPAY Instant has recently been introduced by Nepal Clearing House Limited (NCHL) as a system for interoperable VPA-based transactions. Now transfer funds quickly through NEPALPAY Instant using just your mobile number. NEPALPAY Instant is a fantastic feature available in connectIPS, powered by the Retail Payment Switch under National Payment Switch (NPS) system. Know about VPA-based…
Leading the trend in digital banking, NIC Asia Bank has introduced a mobile banking app (NIC ASIA MoBank) based on the Omnichannel App system. NIC Asia Bank has been offering financial services and amenities with the newest technology. According to its long-term plan of becoming a “Digital First Bank,” the bank is aiming to attract…
Gone are the days of having hassle to make payments to the government units and offices by the beneficiaries. The Government of Nepal is adopting digital payments in a wider range now, making both payout and revenue collection easier than before. Government of Nepal has taken an initiative to expand the implementation of digital payments…
Machhapuchhre Bank Limited (MBL) has successfully integrated NEPALPAY QR in its mobile banking app, MBL M-Smart, such that its customers can now scan and initiate QR payments available at various merchants and payment gateway. MBL has also initiated acquiring merchants for this. MBL is one of the first banks to join the National Payment…
You might have been hearing about the word “Omnichannel” which is trending in the fintech industry in Nepal. A few banks have gone into omnichannel systems to give a seamless banking experience for their customers. And they are promoting this as a grand upgrade in the overall digital banking experience than ever. So, what’s special…
