Users can instantly recharge their mobile phones and pay their electricity and drinking water bills.
Payment Good news to all Nepalese.
You can now transfer money instantly with the new “Namaste Pay” payment service.
Rastriya Banijya Bank (RBB) and Nepal Telecom (NT) today jointly launched Nepal Payments Company Limited (also known as Namaste Pay).
The company officially launched the mobile money service today after a trial run among officials at NT and RBB. However, the service is only available to Android users, as of now.
Mobile money service can be activated by dialing * 500 # on the Nepal Telecom network.
After opening the account in Namaste Pay, users can make instant transactions up to NPR 5,000, according to the company.
Users can also top up their Nepal Telecom mobile recharge and pay their electricity and drinking water bills, in the first phase of the service. The services would gradually diversify, the company said.
However, the mobile wallet service can only be used for electronic payments after loading money through a bank or agent network.
Users can load money by linking their account with nine banks, including Nepal Bank Limited and Rastriya Banijya Bank. The company would soon extend the service to the remaining banks.
Namasté pay is the first service of its kind to be operated by the Nepalese government gateway. The service has a total paid-up capital of NPR 400 million.
Stay tuned to NepaliSansar for the latest financial news from Nepal!
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