Namaste Pay, a digital wallet product of Nepal Digital Payment Company (NDPC), has begun its preliminary test. The initial testing was done on May 2 on the occasion of 4th National ICT Day amid a virtual program.
Nepal Telecom and Rastriya Banijya Bank have jointly invested in the digital payment service.
On the day, Minister for Communications and Information Technology (MCIT) Parbat Gurung said that though they were planning to launch the app on the same day, it was postponed due to technical reasons.
It is said that Namaste Pay can operate both online and offline. The users can use the app without having an internet connection.
The paid-up capital of the company is Rs 400 million, according to Nepal Rastra Bank.
According to Nepal Telecommunication Authority (NTA), the digital payment companies should have a paid-up capital of at least Rs 10 million. This is the digital payment company with the highest paid-up capital till now.
ALSO READ: Collateral-free and Paperless “FoneLoan” is a New Drive in the Banking Sector
-
JMEV GSE Elight EV: An Affordable Electric Sedan Coming Soon to NepalHIGHLIGHTS JMEV GSE Elight EV price in Nepal is expected to be around Rs. 54…
-
Riddara RD6 – A High-Performance Electric Pickup Truck Launched in Nepal!HIGHLIGHTS Riddara RD6 price in Nepal is Rs. 65 Lakhs It is an all-electric mid-size…
-
Apple Watch Series 10 Launches in Nepal: Slimmer, Brighter, BiggerHIGHLIGHTS The Apple Watch Series 10 price in Nepal starts at Rs. 79,000. It is…
