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
-
Experts Urge to Refine ‘Cybersecurity Policy 2021 Draft’, say there are Ample Gaps to be FulfilledDigitization has eased our life in many ways. Meanwhile, as everything is connected to the…
-
NTA Working to Implement MDMS to Curb Grey Phones from July 16The government is all set to implement Mobile Management Device System (MDMS) from Shrawan 1.…
-
Chaudhary Group Introduces ‘CG NET’ Fiber Internet Service in NepalCG Communications Ltd., a subsidiary of CG (Chaudhary Group) has launched its internet service in…
-
Redmi Note 10S with Helio G95 to Launch in Nepal on June 18Xiaomi is set to launch the Redmi Note 10S in Nepal. Mi Nepal teased the…
-
Nokia Lite Earbuds with 36 Hours of Battery Life Launched in NepalNokia recently launched a headphone and a portable speaker in Nepal. And, they are back…
-
Kia Niro EV Makes a Comeback in Nepal with a New Pricing!Kia Niro EV is now back in Nepal. Continental Associates Pvt. Ltd., the authorized distributor…
