Digital Payments and Fintech in Nepal
- Title
- Digital Payments and Fintech in Nepal
- Category
- Digital Payment
- Details
Digital Payments in Nepal
Major Platforms
| Platform |
Type |
Notes |
| eSewa |
Wallet/Payment |
Nepal's largest payment platform |
| Khalti |
Wallet/Payment |
Major competitor to eSewa |
| IME Pay |
Wallet/Remittance |
Strong remittance feature |
| Fonepay |
Interoperable QR |
NRB's interoperable QR standard |
| ConnectIPS |
Bank Transfer |
NCHL (Nepal Clearing House Ltd) platform |
Key Developments
- QR Code Payments — FonePay QR is accepted at most merchants.
- Nepal Rastra Bank (NRB) mandated interoperability — any wallet can pay at any QR terminal.
Mobile Banking
- All major commercial banks offer mobile/internet banking.
- Hamro Bank app — representative mobile banking.
Regulatory Authority
- Nepal Rastra Bank (NRB) regulates payment systems.
- Payment and Settlement Act (2019) governs digital payments.
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