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Kantipur Report KATHMANDU, June 18 – In a first in Nepal’s banking history, Everest Bank on Wednesday launched a branchless banking service. Its Everest Ghar-Dailo Banking Sewa brings modern banking services to the doorsteps of the rural populace who have no access to banks. Nepal Rastra Bank (NRB) had introduced a regulation a few days [...]
Nepal Bankers’ Association (NBA), along with Nepal Rastra Bank (NRB) and other financial institutions, has established Nepal Clearing House Ltd. “The clearing house will commence an Automatic Check Truncation and Clearing Systems to be evolved into a nation-wide payments system,” said Sachin Joshi, president of NBA and CEO of NIC Bank. NBA has 60 per [...]
KATHMANDU, May 14 - Nepal Rastra Bank (NRB) has initiated the automation of the Credit Information Bureau (CIB). The automation of the CIB was one of the components of the World Bank-funded Financial Sector Technical Assistance Project. According to NRB, the process was started two months ago. A committee comprising representatives of the Ministry of Finance, [...]
PayMate which had earlier launched its services in Srilanka in partnership with Bank of Ceylon now has moved north and launched its mobile payment services in Nepal through its local representative PayBill. PayBill has partnership with Everest Bank and Nepal Telecom the largest bank and mobile telephony players in Nepal to offer mobile recharge to [...]
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