Nepal Rastra Bank (NRB), the central monetary authority of Nepal has provided mobile money license to 3 companies; eSewa, IMEI Digital, and Prabhu Technology.
This license allows these companies to provide services of online payment and money transfer like banks.
NRB recently mandated the requirement to obtain a license for all payment service providers putting down the regulations for mobile banking. Before this, any platform could provide such services without any license.
With this license, eSewa can provide digital wallet service. A digital wallet refers to an electronic device that allows an individual to make electronic transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store.
eSewa is a digital payment gateway of Nepal that allows users to make an online payment, pay utility bills, receive money or set up a merchant account. It also allows to make online and offline payments to various merchants, transfer funds to various banks.
-
Nubia V70 Max Coming Soon Marking the Return of ZTEHIGHLIGHTS The ZTE Nubia V70 Max price in Nepal should be around Rs. 10,999 (4/128GB)…
-
Honda Bikes Price in Nepal (March 2025 Updated)This is the complete price list for the Honda bikes in Nepal for 2025. Honda…
-
New Transport Bill in Nepal Proposes Longer License Renewal and Stricter Age LimitsHIGHLIGHTS Amendments have been proposed to the Motor Vehicles and Transport Management Act 1993. A…
