Loading digital wallets through credit cards? You should be careful now. As you know, the banking system in Nepal is going through a liquidity crisis this time. Banks are being really strict in lending credits. On the other hand, they are trying to bring in a lot of deposits. In this scenario, the Nepal Rastra…
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…
QR code payments are increasingly capturing the payment systems market in Nepal. In the month of Magh alone, QR code payments totaled more than Rs 6.8 billion in value. Among them, QR code payments from 24 commercial banks was worth of Rs 5.85 crores. According to the report from Nepal Rastra Bank, QR code payment…
CellPay’s new year offer is going to be more exciting with huge cashback and discounts. It has brought this offer to its customers under the ” Naya Barsa Aayo Cashback Payo” campaign marking the coming Nepali new year 2079. In this offer, CellPay users will get exciting cashback on different services like top-up, bus tickets,…
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…
Digital transaction limit for revenue payment to the Government of Nepal initiated from various channels of NCHL has been revised. The digital payment limits for GON revenue from the systems including CORPORATEPAY and Bank Central (bank branches) under NCHL have been increased up to NRs 2 Billion for On-us (same bank) transactions. NCHL consulted with…
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…
Various revelations of people investing in crypto and other investment platforms are getting into the limelight these days. The number of Nepalese investing in virtual currencies and investment schemes is increasing day by day under the noses of Nepal Rastra Bank. Finance Minister Janardhan Sharma has also quoted that a lot of Nepalese money is…
Cryptocurrencies are now openly legalized by the Indian Government since the Budget announced on February 1, 2022. India’s Finance Minister Nirmala Sitharaman, in the budget speech 2022 said that income from the sale of virtual assets will be taxed at a fixed rate of 30%, with no deductions allowed. She also recommended a 1% TDS…
Standard Chartered Bank Nepal has once again got AAA ratings. It has retained the issuer rating of AAA from ICRA Nepal. Such issuers carry the lowest credit risk as they are considered to have the highest degree of safety regarding timely servicing of financial obligations. This is the third consecutive year the bank has received this rating. How did Standard Chartered Bank Nepal Maintain this AAA Rating? There are two companies that provide…
