Nepal news and trends

Today in the Connected Economy: Parking Operators Trying to Combat QR Code Fraud; Trax, Raistone...
Connected Economy // February 18, 2022

Today in the connected economy, Massmart enhances eCommerce offerings in South Africa thanks to a partnership with Mastercard, and Nepal becomes the first country outside India to utilize its UPI system. Also, the travel industry is among the latest to embrace buy now, pay later...

WeChat Pay, Alipay Banned In Nepal
Digital Payments // May 22, 2019

WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. Reuters, citing Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, reported that the...

PAUL UK Teams With Yoyo For Mobile App; Khalti Earns Payment Service Provider License
Global Payments // April 25, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Khalti receiving a “payment service provider” license in Nepal. The PAUL UK bakery chain has teamed up with Yoyo for a mobile payments app in Europe, Repay Holdings, LLC, along...

Latest Victim Of The SWIFT Attacks? A Nepalese Bank
Security & Fraud // November 08, 2017

Another bank has been hit in the string of cyberattacks that have been targeting the global SWIFT bank messaging system. The latest victim is a Nepalese bank. The good news is most of the stolen funds have been recovered, two officials involved in the investigation...

Quick Reads
Nepal Cautiously Explores CBDC

August 08, 2022
Step by step, Nepal is looking into issuing its own central bank digital currency (CBDC), a report from Beincrypto said Monday (Aug. 8), quoting a local news story. Nepal Rastra Bank, the central bank, wants to revise the legislation governing what it can do, which would allow it to look into a CBDC. The Nepal […]

WeChat Pay, Alipay Banned In Nepal

May 22, 2019
WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims....

Latest Victim Of The SWIFT Attacks? A Nepalese Bank

November 08, 2017
Another bank has been hit in the string of cyberattacks that have been targeting the global SWIFT bank messaging system. The latest victim is a Nepalese bank. The good news...