Now that the government have given permission to several banks to issue dollar cards to Nepali citizens, Paypal might start looking at supporting Nepali market as well. However, being a small country, a tiny market for Paypal and strict NRB policies, it could not be possible anytime soon.
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal.
The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal.
A few highlights on the ban:
These are only a few of the reasons, in my opinion, why bitcoin is prohibited in Nepal. The existing Nepali laws prohibit it, and the central bank believes that bitcoin cannot be effectively regulated, that it can be used for unlawful purposes, and that it will harm the Nepali economy in the long run. The Nepalese government has recently taken tough measures against bitcoin transactions, including arresting people who were mining bitcoin or had large amounts of bitcoin, shutting down Nepal’s largest bitcoin exchange operator Bitsewa and arresting its owners, and even arresting a Nepali politician from a minor party for bitcoin trading.
We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us.
Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So far, there are four alternatives available for everyone. Only Nepali freelancers should use Direct to Local Bank (NPR), according to Upwork. For each withdrawal, they levy a little fee of $0.99. However, their currency exchange rate is HORRIBLE. They offer a rate that is 3-4 rupees lower than Nepal’s daily foreign exchange rate. To evaluate which option is the best, we’ll use simple math to transfer $1000 using the exchange rate of 20/12/2019 ( NPR 1 = USD 113.89).
Direct to Local Bank (BDT)
Let’s assume that the bank’s rate is NPR 2 less than the forex rate.
$0.99 per withdrawal to Nepal.
$1000 – $0.99 = $999.01 X 111.89 = NPR 111,779.23
Normally it takes one or two days to arrive at your bank account.
So the ultimate rate for $1 is NPR 111.78
Payoneer
$2 USD per withdrawal from Upwork.
Normal Delivery:
$1000 – $2 = $998 X 113.89 = NPR 113,662.22
Normally it takes three to four days to arrive at your bank account.
Fast Delivery:
$1000 – $2 = $998 – $2.5 (Payoneer Quick Load Fee) = $995.5 X 113.89 = NPR 113,377.50
Normally it takes two to three days to arrive at your bank account.
So the ultimate rate for $1 is NPR 113.66 with normal delivery and NPR 113.38 with faster delivery.
Wire Transfer (USD)
It is not suitable for Nepal. It charges $30 for each transaction and takes a long time with various difficulties.
Direct to U.S Bank (USD)
Free payments to U.S Bank account in USD.
It is also not suitable for Nepal. Most of the Nepali freelancers don’t have U.S Bank account.
Final Consideration
By Direct to Local Bank (BDT): $1 = NPR 111.78
Via Payoneer: $1 = NPR 113.66
Conclusion
Finally, we can take a fair decision to determine that Payoneer is the best way to send freelancing income to Nepal. And hopefully, we will find the same results in other marketplaces too.
Swagbucks is one of the world’s largest microtasking/get paid to websites. It is regarded as one of the most reliable ways to supplement one’s income online.
By doing easy tasks, you can earn “Swagbucks” (credits worth around $.01 each). These credits quickly mount up, and a single survey can pay out anywhere from 75 to 300 credits or “bucks.” Now, if you do the arithmetic, that’s between $.75 and $3.00 for 15-20 minutes of effort. Yes, they build up quickly, but they aren’t as lucrative as other online hobbies.
Once you’ve accumulated a specific number of Swagbucks, you can exchange them for gift cards or virtual credits from your favorite stores. Amazon, Starbucks, and Walmart are just a few of the well-known stores. Swagbucks can be really handy if you’re already planning to shop there.
Swagbucks isn’t only about surveys, which was a game-changer for me. You can also earn credits by watching and rating videos, visiting websites and writing product reviews, and playing simple and enjoyable games. Installing and using their search bar in your browser is the simplest way to earn.
You can earn credits by “clicking through” their search feature to visit sites like threadUP, travel sites, and more from the search box. This was the most important lesson for me: the returns on their site are really good, and even if you don’t do anything else on their site, the search option is worth it. Simply by doing what I was going to do anyway, I can earn a variety of Amazon credits and gift cards.
Swagbucks can be used by any Nepali to gain money. No one can steal a few dollars from you if you have a few minutes and an internet connection. Sign up for Swagbucks using the link below and earn money by accomplishing basic tasks such as:
Some of the tasks are quite simple and can be completed in your daily life without costing you any money. And I’ve made some money utilizing this site in my spare time. You can also get paid in a variety of ways, and you can get it right away.
You can enroll under us using the following url and get a head start by earning some bonus points:
Cryptocurrency, or “decentralized electronic currency,” is gaining popularity around the world these days. Last January, Nepal’s neighbor India published a “National Strategy on Blockchain” to regulate the technology. However, such currencies and transactions are absolutely prohibited in Nepal.
On the Internet recently, there has been a lot of discussion and information concerning cryptocurrencies. However, in Nepal, a correct understanding of this has yet to be created. Many people have heard of Bitcoin and have a basic knowledge of it. People, on the other hand, seemed to comprehend that ‘cryptocurrency’ means ‘bitcoin,’ and that ‘bitcoin,’ in turn, means ‘cryptocurrency.’ Not only the general people, but also the Nepal Rastra Bank, appears to believe this.
On the 13th of August 2017, the NRB issued a statement claiming that ‘Bitcoin transactions are unlawful in Nepal.’ This, however, has no bearing on other cryptocurrency coins.
According to CoinMarketCap, there are already over 10,000 cryptocurrencies in circulation around the world. Bitcoin, the first cryptocurrency, is the most valued and widely used. A Japanese programmer invented Bitcoin in 2009.
Thousands of cryptocurrencies, such as Bitcoin, are now available around the world. Ethereum, Polkadot, Ripple, and Dogecoin are examples of cryptocurrencies. In Nepal, however, the belief that Bitcoin is the only cryptocurrency is widespread.
All economic transactions in Nepal are regulated by the Nepal Rastra Bank. The bank’s policy capacity is called into doubt by its statement on Bitcoin, which is also the guardian of banks, financial institutions, and digital service providers in the country.
Foreign exchange transactions can only be carried out with a license from the Rastra Bank, according to Nepalese legislation. Money must be remitted abroad to trade and invest in bitcoin. The NRB’s declaration on Bitcoin, which came after it was proclaimed that moving money overseas without permission is prohibited, appears to have caused even greater confusion among the people. Is it allowed to invest in other coins? This is an intriguing question that occurs.
The worldwide media has recently reported on persons who have made millions of dollars by investing in cryptocurrency.
Two weeks ago, it was reported that a high-ranking Gold Sachs employee had resigned after earning tens of millions of dollars using DogeCoin. Similarly, word circulated quickly that a 25-year-old American had become a millionaire at such a young age by investing in Bitcoin. While its investment and business are growing in Europe and the United States, as well as in India, it is outlawed in Nepal.
At first look, Bitcoin does not appear to be a viable investment option in Nepal, where it is prohibited to transmit money overseas without the approval of the central bank. However, based on posts and statuses on social media and in groups, it appears that a significant quantity of money is being traded surreptitiously from Nepal.
Nepalis are investing in several ways, such as through the creation of websites, peer-to-peer transactions, or through friends and relatives residing abroad. People that invest in cryptocurrencies join groups on social media sites such as Facebook, WhatsApp, and Viber to trade it. Transactions, on the other hand, are not readily apparent because it is against the law.
Many business operations that have been declared illegal by Nepalese law have not been stopped by the government. It doesn’t matter if it’s betting, Hundi, or e-commerce.
The indifference of stakeholders, despite the fact that the government’s policies and judgments are limited to paper, and the knowledge that comes out in pieces about these transactions that are done invisibly, is astounding.
Khalti, a digital service provider, alerted the Rastra Bank in April, requesting an investigation into the transaction statements of roughly a thousand users on suspicion of betting. However, the NRB has yet to take any action or make any statements in this regard.
Similarly, despite the fact that the Hundi business of transporting money from Nepal to foreign countries is unlawful, it appears that no action has been taken. Similarly, the Nepal Rastra Bank and the government appear to be on the same page when it comes to Bitcoin.
This can be viewed from two angles. The world’s most powerful economies have endorsed cryptocurrencies, proclaiming it to be the currency of the future. Cryptocurrencies are being used to pay for restaurant bills, Netflix subscriptions, Tesla cars, and even sports tickets in some regions.
Its instantaneous legitimacy is unthinkable in Nepal, where moving money overseas is a crime. However, if Nepalese policymakers can interpret cryptocurrencies and Bitcoin differently in the near future, it may obtain legitimacy.
Trading in cryptocurrencies, which resembles stock market transactions, is less expensive than trading in fiat money (rupee, dollar, euro, pound, etc.) since cryptocurrency transfers do not require the use of a third party (bank). Without the need of a third party, money can be sent from anywhere in Nepal to anywhere in the world.
Cryptocurrency transactions are made feasible via blockchain technology. As a result, there is no need for a third party to complete the transaction. As a result, transactions are simple, secure, and rapid.
By opening a TMS account, you can purchase and sell cryptocurrency in the same manner you can buy and sell stocks (on the stock market). Buying and selling takes place on a variety of platforms. It can be traded on sites such as Binance, Crypto.com, Robinhood, Etoro, and Coinbase, for example.
To store this, you’ll need a crypto wallet. The use of blockchain technology is thought to be safe and dependable. To put it another way, transactions on the platforms can be compared to money kept in eSewa, and using a crypto wallet to make bank account deposits.
The Nepal Telecommunications Authority (NTA) has made toll-free numbers mandatory for Internet Service Providers (ISPs) in Nepal. This means that, sooner or later, every ISP will need their own toll-free number. To summarize, toll free numbers are phone numbers that can be used to contact Nepal’s Internet Service Providers for free.
ISPs must hold toll-free numbers for efficient customer care, assistance, and internet supply maintenance, according to NTA guidelines. Furthermore, toll-free numbers can boost not only internet access but also customer service. Furthermore, with toll-free numbers, consumers would be able to openly and conveniently express their dissatisfactions, suggestions, and questions.
We’ve compiled a list of toll-free numbers for some of Nepal’s most popular Internet service providers.
| ISPs | Toll free numbers |
| Nepal Doorsanchar Company Ltd. | Nepal Telecom | 1498, 198 |
| Worldlink Communications Ltd. | 166001-55050 |
| Subisu Cablenet Pvt. Ltd. | 166001-59999 |
| Classic Tech Pvt. Ltd. | 16600150999 |
| Vianet Communication Pvt. Ltd. | 16600188444 |
Nepal Doorsanchar Company Ltd., widely known as NTC or Nepal Telecom, is the prestigious telecommunication service provider in Nepal. Along with telecom, the company is also a famous internet service provider. It’s contact details are:
Worldlink is one of the renowned and largest internet and network service providers in Nepal. The company has been providing quality internet services. In addition to this, its services are ever-improving. But things aren’t perfect forever, that’s when the need to contact them comes in. Their contact details are:
Subisu is another prestigious ISP in Nepal. Initially, the company served as a cable & fiber internet and Digital TV service provider. With this been said, Subisu becomes a multi-tasker. To contact Subisu:
Classic Tech is another competitive internet and network service provider in Nepal. Moreover, it is a licensed company to provide trustworthy customer service to its users. It’s contact details are:
Vianet is one of the leading internet and TV service providers in Nepal. Since very long, the company has been serving people with high end internet service. And even today, you’ll find people appreciating it’s internet quality and speed. To contact them:
Additionally, the list of other ISPs with their toll free numbers are as follows:
| Other ISPs | Toll free numbers |
| Broad Band Nepal Pvt. Ltd. | 166071-52004 (For NTC users) |
| Techminds Networks Pvt. Ltd. | 16605651222 (For NT Users), 9801575666 (For Ncell Users) |
| East Link Technology Pvt. Ltd. | 166001-95985 |
| Sky Broadband Pvt. Ltd. | 166001-58887 |
| Himalayan Online Services Pvt. Ltd. | 16600149520 |
| Arrow Net Pvt. Ltd. | 16600142222 |
| Metrolink Business Group Pvt. Ltd. | 16607156222 |
| Big Marshyangdi Net Pvt. Ltd. | 9801565666 |
| Prabhu Digital Ltd. | 16600178999, 980157199 |
| Mercantile Communication Pvt. Ltd. | 16600100822 |
| Super Eight Network Pvt. Ltd. | 9801575750 |
| Infonet Communication Pvt. Ltd. | 1660774002 |
| Unified Communication Pvt. Ltd. | 16602358666 |
| Broadlink Communication Pvt. Ltd. | 9801571235 |
| TechMinds Network Pvt. Ltd. | 16605651222, 9801575666 |
| Ultra Net Communication Pvt. Ltd. | 16601166729 |
| Web Network Pvt. Ltd | 16607156555 |
| First Link Communications Pvt. Ltd. | 16602358555 |
| Everest Wireless Network Pvt. Ltd. | 9801571005 ( For NCELL users), 16608352003 |
| Simpal Media Network Pvt. Ltd. (SIMTV ) | 9801544000 |
| Mahakali Digital Network Pvt. Ltd. | 1660017899 (For NTC users), 9801571999 (For NCELL users) |
| Shangrila Informatics Pvt. Ltd. | 16600102725 |
| Sustainable Networks Pvt. Ltd. | 16600119335 |
| Loop Networks Pvt. Ltd. | 9801571570 |
| Kriti Darshan Media Pvt. Ltd. | 16602558558 |
| Dish Home Pvt. Ltd. | 16600122000 |
| Super Sitapaila Net.Pvt. Ltd. | 16600162222 |
| Web Surfer Nepal Communications System Pvt. Ltd. | 16600170222 |
| Lumbini Max Digital Cable Net Pvt. Ltd. | 16607156333 |
| Meta Link Pvt. Ltd. | 16600194541 |
| Acme Technical Institute Pvt. Ltd. | 16607852010 |
| WiFi HD Nepal Pvt. Ltd. | 9801567779 |
| VNS Technology Pvt. Ltd. | 16604152980 |
| Zishan Networks Pvt. Ltd. | 16605552786 |
| Interweb Network Pvt. Ltd. | 16606156900 |
| City Net Pvt. Ltd. | 16600193330 |
| K.C.N. Net Pvt. Ltd. | 16600115000 |
| Net Max Technologies Pvt. Ltd. | 16600156666 |
| Cherry World Communication Pvt. Ltd. | 9801571266 |
| Waling Internet Pvt. Ltd. | 16606342003 |
| Max Net Solution Pvt. Ltd. | 9801574040 |
| Prime Network Pvt. Ltd. | 16605651245 |
| Limpid ICT Solution Pvt. Ltd. | 16600164186 |
| Regmi Media INC. Pvt. Ltd. | 16607152001 |
| Rapid Unique Network Pvt. Ltd. | 16606552002 |
| Infocom Pvt. Ltd. | 16600185000 |
| Simrik Internet Pvt. Ltd. | 16606156780 |
| Smart Link Network Pvt. Ltd. | 16600100108 |
| LNT Infotech Pvt. Ltd. | 16606152020 |
| Next Geekers Pvt. Ltd. | 16600180444 |
| Life Net Pvt. Ltd. | 16608352007, 9801571888 |
| Neo Link Pvt. Ltd. | 16608852305 |
| Bihunkot Internet Pvt. Ltd. | 16606852009 |
| Nepalink Communication Pvt. Ltd. | 9801571100 |
| I zone Pvt. Ltd. | 16602142001 |
| Pathibhara Network Pvt. Ltd. | 9801575959 |
| Surkhet cable Net T.V. Pvt. Ltd. | 16608352008 |
| Syangia Media Pvt. Ltd. | 16606342008 |
| Wifi Tech Nepal Pvt. Ltd. | 9801859000, 9801859004 |
| Broadband solutions Pvt. Ltd. | 16605651555 |
| Access world Tech Pvt. Ltd. | 16600151065 |
| Smart Telecom Pvt. Ltd. | 4242/14242 |
| IBSS Nepal Pvt. Ltd. | 16600181078 |
| World Fiber Net Pvt. Ltd. | 16600107555 |
| Dolfin Net Communication Pvt. Ltd. | 9801574100 |
| Pals Network Pvt. Ltd. | 16607152002 |
| Fiber world communication Pvt. Ltd. | 9801571720, 16607852003 |
| Mithila Digital Nepal Pvt. Ltd. | 16600116999 |
| Clean Network Pvt. Ltd. | 16603352002 |
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While half of the population of the United States is a loyal listener, many Nepalis are unfamiliar with the phrase “podcast.”
Podcasts have been popular in the United States, and they have the potential to becoming so in Nepal, because they may be listened to at any time. You may listen to your favorite podcasts on your commute, while working out, or while doing domestic tasks.
So, if you plan to establish your own business as a Nepali, you will have an advantage because this market has a lot of potential and is still unexplored. You may get the worm by getting up early. The best thing about starting your own podcast is that it costs very little money. All you’ll need at first is a microphone and a nice laptop.
You can start with it as a side hustle and work your way up to full-time status after it has gained a significant following. Here are some pointers for getting started with your own podcast.
1. Plan ahead
Consider the theme. There will be a theme for the podcast. It might be centered on political debates, or you could give life hacks. Also, consider if you want it to be completely scripted or completely spontaneous. When you choose a theme, you can listen to similar podcasts to gain a more in-depth understanding and better assistance for running your own show. You’ll understand what you need to do to stand out and engage your audience.
2. Be consistent
Once you’ve started, you’ll need to be very active to keep the users involved, or you’ll lose their attention. When Instagram only had 100 users, the app’s founders were more concerned with keeping those 100 users than with attracting new ones. As a result, if you do not update on a regular basis, you will lose users. Setting a deadline and making sure you meet it and release a new podcast when it’s due is the best way to go about it.
3. Keep a track of your audience
On top of that, you can monitor your audience’s response on your social media accounts and construct your podcast around it. You should review analytics data if you want to expand your user base and keep existing listeners engaged. In this case, you can use a hosting platform like Blubrry (https://www.blubrry.com/) to evaluate listener demographics.
4. Do not lose your focus
When your target audience is specialized, you must recognize that you cannot lose sight of them because they have been addicted to your podcast as a result of your targeted content. If your podcast is about how students may make money through side hustles, for example, you should not switch to another successful podcast with a large audience and instead start publishing podcasts about the current fashion trends.
5. Keep a relevant name
If your podcast is about startup success stories, you can call it after the type of content you provide. Because it allows users to find your podcast without having to read the details and then decide whether or not to listen. If your podcast’s title does not provide listeners a clear indication of the topics you cover, they may merely scroll through the list and never opt to click on your podcast. The ideal marketing technique is to keep a very distinct name.
6. Give your audience the best listening experience
Because podcasts are all about listening, it’s critical that the audio quality is excellent. You’ll need a microphone, microphone stand, USB box, compressor, and headphones to make a podcast. You must ensure that they are of the highest possible quality. Tim Ferris demonstrates how he sets up his podcast in this video (https://www.youtube.com/watch?v=xRxVEcbh-Dk).
If you are just beginning, you can use your smartphone for recording voice. Don’t worry! these days smartphones come up with kickass microphones and can do the job very well.
7. Unravel the astonishing details of the story
If you want to make an impact, you need to unearth the most obscure details of the tale you’re presenting your audience. Guy Raz, a well-known podcaster, advises his guests that if they dive into their past and share previously unknown stories, people would be able to relate to them better and want to speak with them.
8. Get feedback before you launch
Inquire of your parents, as well as sincere friends or mentors. If you’re still in college, request that your teachers listen to you and provide you with valuable feedback. This will assist you in making final modifications, and you can honestly treat them as your listeners, using their comments to make changes as needed. Of course, you are the one who makes the decisions here, so you may choose which advice to disregard and which to follow.
Always keep in mind that overnight success is a fiction, and you’ll need a lot of patience to build and improve the podcast you’ve always wanted to do. Make a name for yourself in the podcasting world.
Best wishes!