Digital Payment Systems in Nepal
- Title
- Digital Payment Systems in Nepal
- Description
Digital Payment Systems in Nepal
Digital payment systems have transformed financial transactions in Nepal, enabling cashless payments via mobile platforms.
Major Platforms
- eSewa: Nepal's first digital wallet, launched in 2009 by F1Soft International. It supports utility bills, mobile recharge, fund transfers, and more.
- Khalti: A digital wallet launched in 2017, recognized for its user-friendly interface and merchant payment support.
- IME Pay: A digital payment service by IME Ltd., integrated with remittance services for receiving international funds.
Interbank Systems
- ConnectIPS: An interbank payment system developed by NCHL (Nepal Clearing House Ltd.) allowing direct bank-to-bank transfers.
Regulation
- Regulator: Nepal Rastra Bank (NRB) governs all digital payment service providers.
- Category
- Nepal Science
- Year of Discovery/Development
- 2009
- Key Person/Organization
- F1Soft International