Fintech
PayPal’s Entry into Nepal Advances with NRB and Bank Collaborations
Efforts to introduce PayPal, the leading American multinational online payment service provider, into Nepal are progressing significantly. Nepal Rastra Bank (NRB) is at the forefront of this initiative, playing a crucial role in facilitating the integration of PayPal into the Nepali financial ecosystem. PayPal, known for its secure and efficient online payment solutions, is expected […]
Read More
Paypal May Enter Nepal – A game-changer for Digital Payments
In a groundbreaking development for Nepal’s financial technology sector, the world’s leading online payment gateway, PayPal, may soon make its entry into the Himalayan nation. Recent reports suggest that Nepal Rastra Bank (NRB), the country’s central bank, is actively pursuing collaboration with the American digital wallet giant to enhance international payment capabilities for Nepali users. […]
Read More
Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
Read More
Cross-Border Digital Payment Milestone: Indians Can Now Pay in Nepal via Mobile Phones
Since March 1, a groundbreaking shift has occurred in cross-border digital payments between Nepal and India, allowing Indians to seamlessly conduct transactions using their mobile phones. This milestone marks a significant advancement in the realm of digital finance, fostering greater connectivity and convenience for individuals transacting across borders. In a strategic partnership, Fonepay Payment Service […]
Read More
Cross-Border Digital Payment Milestone: Indians Can Now Pay in Nepal via Mobile Phones
Since March 1, a groundbreaking shift has occurred in cross-border digital payments between Nepal and India, allowing Indians to seamlessly conduct transactions using their mobile phones. This milestone marks a significant advancement in the realm of digital finance, fostering greater connectivity and convenience for individuals transacting across borders. In a strategic partnership, Fonepay Payment Service […]
Read More
Nepal Rastra Bank Proposes QR Code Payment Limits for Indian Transactions
A recent proposal by Nepal’s central bank suggests imposing limits on payments made via Quick Response (QR) codes for Nepali nationals in India, aiming to enhance financial transparency and security. The panel suggests capping monthly QR code payments at IRs 100,000 (Rs160,000), except for transactions at specific locations like hotels, hospitals, and medicine shops, where […]
Read More
Enhancing Cross-Border Digital Payments: Nepal and India Sign Agreement for Seamless Transactions
The agreement between Nepal Clearing House Limited (NCHL) and the National Payments Corporation of India (NPCI) to enable digital payments between the two countries is a significant development that has the potential to ease cross-border transactions and boost tourism and trade. The agreement allows authorized digital payment apps from both Nepal and India to operate […]
Read More
Fonepay IPO Announcement & Partnership with LankaPay for Interoperable Digital Payments System
Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to develop an interoperable digital payment system, while also announcing plans for an initial public offering (IPO). This strategic collaboration aims to revolutionize the digital payment landscape and enable seamless cross-border transactions between Nepal and […]
Read More
Nepal Rastra Bank Paves Path for Digital Wallet Mergers
Nepal Rastra Bank (NRB) has amended the Payment and Settlement Bylaw, 2077 to allow digital wallets to merge. The amendment was made in order to promote consolidation and rationalization of the digital payment industry in Nepal. Under the new amendment, organizations that have received a license to perform payment activities can merge or acquire each […]
Read More
Fonepay welcomes Ncash that claims itself as first-ever QR scan and pay wallet to offer a complete solution.
The integration of Fone Pay Qr has made Ncash wallet the first in Nepal to provide a complete Scan and Pay solution to its users, and Sulav Pay Pvt. Ltd. is proud to offer this service to its users. Ncash is an innovative payment solution designed to provide a seamless payment experience to its users, […]
Read More