ConnectIPS is a single payments platform, enabling the customers to link their bank account(s) and process the payments, transfer the funds or pay any bills through app. The product has been brought into existence as the extended product by Nepal Clearing House to support citizen-to-government (C2G), customer-to-business (C2B) and peer-to-peer (P2P) payment transactions directly from/into...
What do you think if you need to visit any government office for a small work – lets say of 10 minutes? I am not sure what you think. But when I think about this, I think the whole day will get wastes as there is very slow work. Even we can not meet the...
Nepal Rastra Bank (NRB) is seemingly on its way to open up for international payment via digital medium or wallet for Nepalese citizens. During the Fonepay digital Conclave, NRB’s Governor Maha Prasad Adhikari said” Nepal Rastra Bank is going to allow international payment through digital wallets”. They started easing the system of receiving international digital...
You are working in Australia and your family is in Nepal. You want to Send Money from Australia to Nepal but you have no idea how to? In this article, we have discussed various ways to Send Money from Australia to Nepal. Steps to send money from Australia to Nepal: Choose a money transfer service...
Nepal is slowly stepping in the digital field one of its signs is the banking sector. Before you needed to visit the bank to open an account but now you can open it at your house. One such example is Mega bank, You can Open Mega Bank Online Account by sitting at your home. To...
In the current world, some banks, enterprise AI and fintech entrepreneurs have worked together to build that competitive edge for the bank over its competitors. Meanwhile, generally, it seems that most banks are not more aligned to working with enterprise AI and Fintech companies which the fintech companies think is not a good choice. However,...
360 Transport Solutions and Siddhartha bank recently signed a MOU to promote International level digital payment system in the public transport sectors of Nepal. Siddhartha Bank signed this MOU with 360 Transport Solutions so as to promote cashless transactions and digitize the payment systems in Nepal. Digital payments are being used in many sectors and...
You can now easily open an online account at Sunrise Bank. The online account opening feature has been introduced by many banks in Nepal, and Sunrise bank too has this feature. Online account opening is a great feature that lets users open a bank account online. Therefore, customers do not need to go to the...
The Department of Payment System of Nepal Rastra Bank has issued a new integrated circular to all the institutions licensed to operate payment services. This includes new regulations on transaction fees and transaction limits. Based on this circular, now the ATM fees while withdrawing money from other bank’s ATM machines are completely removed. This means...
Today, we have the list of base rates of commercial banks in Nepal. Base rate of a bank is the minimum rate that a bank charges its customers. The banks usually add a certain premium to the base rate to determine the interest rate depending on the type of loan the customer is taking. The...