Sunday, September 19, 2021

digital payments

Namaste Pay – NTC’s Digital Payment Platform to go commercial from today

Nepal Telecom (NT) is preparing to launch its digital payment service Namaste Pay in the business market starting today. NT had previously conducted successful first testing of the service among its own internal staff members. One of the most advantageous...

IRD takes the initiative to provide a 10% VAT rebate on digital payments

The provision of a 10% VAT refund when purchasing goods and services through electronic means is slated to take effect. The programme of VAT return on electronic purchases was introduced into the budget for fiscal year 2076-77 by then Finance...

Fonepay ‘Gifts at QR, 100,000 every day’ programme launched

‘Gifts at QR, 100,000 per day,' has been launched by ‘Fonepay' for its merchants. The scheme was developed, according to the corporation, to encourage entrepreneurs around the country to make digital payments. The plan, which will run for three months...

Link Your Bank Account To Your Khalti Digital Wallet To Receive A Rs. 100 Bonus

Khalti Digital Wallet, Nepal's most popular online payment platform, is providing a Rs. 100 incentive for linking your bank account to your Khalti account. Khalti hopes to encourage direct and hassle-free payments from home throughout the with this...

NamastePay to use NCHL’s National Payments Interface (NPI) to expand the Digital Payments ecosystem in Nepal

Collaboration between Nepal Digital Payments Company Ltd. (NDPC) and Nepal Clearing House Ltd. (NCHL): NCHL's National Payments Interface (NPI) will be used by NDPC as a single channel for interconnection with various underlying core systems, including connectIPS and NCHL-IPS systems,...

Nepal Rastra Bank removes dollar exchange ceiling to make oxygen cylinder import easier

The Nepal Rastra Bank has lifted a foreign currency exchange cap in order to facilitate the import of oxygen cylinders and medical supplies required to help the country overcome the Covid-19 crisis. A business or entity can exchange up...

In Nepal, QR code payment is becoming increasingly common

Due to the social distancing caused by the Covid-19 pandemic, QR code payment is gaining traction. The Nepal Rastra Bank has released a draft of QR Code Guidelines, Framework, and Specifications, which emphasizes three main payment principles: interoperability,...

Making Payments Online? Here’s the Transaction Limit on NCHL connectIPS

Making Online Payments in light of the current Covid restriction? The transaction cap for Nepal Clearing House Limited (NCHL) payment systems has been updated (connectIPS, NCHL-IPS, Corporate Pay), The per transaction limit for daily transactions through NCHL-ECC has been...

For the First Time in Nepal, NIC Asia Bank Launches “Fast Pay” Service to Support SME Owners

For the first time in the Nepalese banking sector, Bank has launched the “Quick Pay” service, which allows sellers to collect payment quickly by simply sending a payment connection to the buyer. When the buyer simply clicks...

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