PhonePe partners with eSewa, HAN Pokhara to promote UPI service in Nepal

[Abhishek012]

PhonePe partners with eSewa, HAN Pokhara to promote UPI service in Nepal:

Over 3,000 merchants will participate in the Fewa New Year festival with more than 1,00,000 visitors expected to visit​

Fintech firm PhonePe on Wednesday said it has partnered with Nepal's digital wallet service eSewa and the Hotel Association of Nepal (HAN) Pokhara to promote digital payments through UPI on the Himalayan country's payment processor Fonepay Network.

The partnership is a part of the Fewa New Year Festival which will be held from April 11-14 in Nepal.

Over 3,000 merchants will participate in the festival with more than 1,00,000 visitors expected to visit.

PhonePe in a statement said it will run on-ground activation aimed at raising awareness about digital payments among local merchants while demonstrating the convenience of digital payments for customers.

With kiosks showing how to use digital payments and other interactive activities, PhonePe along with eSewa and HAN Pokhara will showcase the ease of UPI (Unified Payments Interface) payments.

"Our focus will be on creating merchant education and awareness to ensure the uptick of UPI on the Fonepay Network in Nepal," said Ritesh Pai, CEO International Payments, PhonePe.

Jagdish Khadka, CEO of eSewa, said, “Partnering with PhonePe and the Hotel Association of Nepal for the Fewa New Year Festival is an exciting opportunity for eSewa to further promote digital payments in Nepal. As the country’s leading digital wallet, we are committed to enhancing the digital payment ecosystem and providing convenient solutions for both merchants and consumers. With Indian visitors being a major visitor for Nepal, this move aligns well to cater the needs of visitors and enhance their overall experience.”

He added that through this collaboration, we aim to showcase the benefits of using UPI and Fonepay network and empower merchants to embrace digital transactions, ultimately contributing to the growth of Nepal’s digital economy. Additionally, we believe such collaboration will foster greater financial inclusion and accessibility.

 

[cardy]

Good move. Because most of the debit and credit cards has print on it "not payable in Nepal and Bhutan"

 

[Aniket]

Good move. Because most of the debit and credit cards has print on it "not payable in Nepal and Bhutan"

That doesn't mean you can't withdraw cash through Nepal's ATM or pay in Nepal through POS.

You're interpreting it in a wrong way.

Card Back Side says “Not Valid for payment in foreign exchange in Nepal and Bhutan.”

This is because of the financial relationship between Indian with Nepal and Bhutan that's all. There's no concept of Dollars, that's why.

 

[Abhishek012]

That doesn't mean you can't withdraw cash through Nepal's ATM or pay in Nepal through POS.

You're interpreting it in a wrong way.

Card Back Side says “Not Valid for payment in foreign exchange in Nepal and Bhutan.”

This is because of the financial relationship between Indian with Nepal and Bhutan that's all. There's no concept of Dollars, that's why.

Yup, RuPay cards are also accepted at Nepal SBI ATMs.

Can I use RUPAY cards in Nepal SBI ATMs issued by Indian banks?​

• Yes, all our ATM and POS terminals accepts RUPAY Cards issued by Indian Banks.
• Our POS terminals accepts both domestic and international RUPAY cards whereas the ATM terminal accepts only international transaction enabled RUPAY cards for cash withdrawal.

Source - https://nsbl.statebank/atm-faqs

Note - Domestic RUPAY card means we can also use RuPay card BIN start with 508, 60, 81, 82 in Nepal SBI Bank POS terminals (Including International RuPay-Discover and RuPay-JCB Cards).

 

[Aniket]

Yup, RuPay cards are also accepted at Nepal SBI ATMs.

Can I use RUPAY cards in Nepal SBI ATMs issued by Indian banks?​

• Yes, all our ATM and POS terminals accepts RUPAY Cards issued by Indian Banks.
• Our POS terminals accepts both domestic and international RUPAY cards whereas the ATM terminal accepts only international transaction enabled RUPAY cards for cash withdrawal.

Source - https://nsbl.statebank/atm-faqs

Note - Domestic RUPAY card means we can also use RuPay card BIN start with 508, 60, 81, 82 in Nepal SBI Bank POS terminals (Including International RuPay-Discover and RuPay-JCB Cards).

Yep, because SBI has major stakes (55%) in NSBL (a subsidiary co.). It also uses the technology of SBI. 🙂

 

[Abhishek012]

Yep, because SBI has major stakes (55%) in NSBL (a subsidiary co.). It also uses the technology of SBI. 🙂

Nepal's Himalayan Bank Limited (HBL) also accept RuPay-Discover Global cards.

HBL has now enabled all POS terminals at various hotels, restaurants, retail stores at various tourist attractions such as Kathmandu, Pokhara, Chitwan, Lumbini and so on within Nepal.

DISCOVER® GLOBAL NETWORK CARDS ARE NOW ACCEPTED AT POS TERMINALS OF HIMALAYAN BANK

www.himalayanbank.com

 

[cardy]

That doesn't mean you can't withdraw cash through Nepal's ATM or pay in Nepal through POS.

You're interpreting it in a wrong way.

Card Back Side says “Not Valid for payment in foreign exchange in Nepal and Bhutan.”

This is because of the financial relationship between Indian with Nepal and Bhutan that's all. There's no concept of Dollars, that's why.

Yah bro you are correct.
I just didn't remember it correctly.
I was just praising the move for more digital reach

 

[Apurvsahilz]

@Abhishek012 Any trick to loot Nepal Bank?