• Ntc
  • Ncell
  • Samsung
  • Apple
  • Xiaomi
  • 2G to 5G
  • Namaste Wifi
  • NTA
  • Best ISPs
  • About us
NepaliTelecom
Advertisement
  • Home
  • Telecom News
    • News
    • NTA
    • Ntc
    • Ncell
    • Smart Cell
    • Digital Nepal
  • Gadgets
  • How To
  • Editors’ Pick
  • Contact us
No Result
View All Result
NepaliTelecom
No Result
View All Result
Home Apps

NRB increases the limit of digital payment in Nepal

NepaliTelecom by NepaliTelecom
August 18, 2022
in Apps, Telco News
0
Mobile wallets for digital payment in Nepal
Share on FacebookShare on Twitter

Nepal Rastra Bank, the central bank has issued a press release for the increase of the threshold/limit of the digital payment in Nepal. One Year before NRB set a threshold for all digital payments like credit/debit card, mobile/internet banking, and mobile wallets. That time, people commented on the amount of the digital payment limit to be discouraging.

Issuing a press release, NRB has made an amendment to all of the digital payment method and transaction limit.

Mobile banking

Regarding the mobile banking payment, NRB now increases the limit to Rs 50,000 per day. Before the amount was just Rs 15,000 per day. Apart from the billed amount payment, a customer could only pay Rs 50,000 per month which is now increased to Rs 1 lakh. The payment threshold is also applicable for QR code-based payments.

Internet banking

For internet banking, the transaction limit for merchant payment is increased from Rs 1 lakh per day to Rs 10 lakh. Similarly, the threshold per month has been set at Rs 30 lakhs.

Internet banking for a transaction between bank accounts will also have Rs 1 lakh per day limits. But the threshold limit per month for the bank transaction through the internet is Rs 50 lakh.

ALSO READ: Top digital service providers/mobile wallets in Nepal

Prepaid Card

Now people can use a prepaid card for the transaction of Rs 500 to Rs 25000. But there is no limit for the financial institution to bar people from taking money as per their demand.

If the issuer and acquirer are to be different, the transaction amount remains the same with clearly mentioning the service charge.

NFC

They have even tried to regulate the Near Field Communication (NFC) payments. For which, the contactless payment does not require a PIN code for up to Rs 2000 payments. So, the bank & financial institution need to be careful to minimize the risk from some payment.

Agents/Subagents

The payments through agents and subagents will have a limitation of Rs  25000 per day and Rs 50,000 per month.

Wallet transfer

For the bank to the wallet, wallet to the bank, wallet to wallet transfer, the transaction limit will be Rs 25000 per day. There is also a limitation of such transaction per month which is Rs 50,000.

The bill payment for products and services through ATM or other payment methodologies also have the same limit of Rs 25000 per day and Rs 50,000 per month.

As there was a huge outcry in the social media for the previous regulations, NRB has come up with this amendment to increase such threshold limit. They argued that the previous threshold has not encouraged the use of digital/cashless payment in Nepal.

Now with this new amendment of payment limit, we can say NRB has set a new foot for the digital payments in Nepal. But more has to be done apart from just increasing the threshold limits.

Follow us on Facebook, Twitter, and Viber to get the latest news, and information about Nepal Telecom, Ncell, Smart Cell, ISPs, mobile apps, and phones in Nepal.

Latest Posts

  • Sangita Pahadi Appointed as Acting MD of Nepal Telecom
  • Ntc Starts Mobile Service in Tinkar, Northwest Border Area Near China
  • Daraz Dashain Dhamaka: Win Voucher Worth Rs 1 Lakh, 70% Discount on Products, More
  • realme C53 With 108MP Ultra Clear Camera Launching Soon in Nepal | Price, Specs
  • Vivo V29 5G Available For Pre-booking in Nepal | Price and Specs
  • WorldLink launches AI Chatbot to address customer services
  • Ncell Brings Always on Data Pack, Instagram Added in Social Media Packs
Comments
Tags: digital paymentsNepal Rastra bankNFCNRBpayment limitthresholdwallets
Previous Post

Poco F1 restocks on Daraz

Next Post

OnePlus 7 Pro Now Available in Nepal

NepaliTelecom

NepaliTelecom

Related Posts

sangita pahadi appointed Nepal Telecom acting MD
Nepal Telecom

Sangita Pahadi Appointed as Acting MD of Nepal Telecom

October 4, 2023
Mobile tower
Nepal Telecom

Ntc Starts Mobile Service in Tinkar, Northwest Border Area Near China

October 4, 2023
Daraz Dashain Dhamaka Offer 2080
Apps

Daraz Dashain Dhamaka: Win Voucher Worth Rs 1 Lakh, 70% Discount on Products, More

October 3, 2023
WorldLink Chatbot service
ISP

WorldLink launches AI Chatbot to address customer services

October 4, 2023
Ncell
Ncell

Ncell Brings Always on Data Pack, Instagram Added in Social Media Packs

October 3, 2023
Sunil Paudel Ntc MD Office
Telco News

Case Filed Against NTC MD, Government Secretary in National Payment Gateway Corruption

October 2, 2023
Next Post
OnePlus 7 Pro Now Available in Nepal

OnePlus 7 Pro Now Available in Nepal

You may also read

Daraz Dashain Dhamaka Offer 2080

Daraz Dashain Dhamaka: Win Voucher Worth Rs 1 Lakh, 70% Discount on Products, More

October 3, 2023
Register Phone IMEI number online NTA

NTA’s Online registration of Mobile Phone IMEI in MDMS

August 29, 2023
How to check remaining volume MB in Ntc?

How to Check Remaining Volume (MB) in Ntc?

August 18, 2022
SMS Ntc Ncell Smart Cell

How To Solve SMS Problem in Ncell, Ntc, and Smart Cell; Top 5 Methods

January 30, 2021
Samsung Mobile price in Nepal

Samsung Mobile Price in Nepal [October 2023 Update] | Specs

October 1, 2023
How to Recharge Ntc, Ncell, Smart Cell Balance Online?

How to identify Ntc Ncell Smart Cell Hello mobile numbers?

August 31, 2023

© 2023 Nepalitelecom

No Result
View All Result
  • Home
  • Telco News
  • Gadgets Nepal
  • Nepal Telecom
  • Ncell
  • Digital Nepal
  • How To
  • Editors’ Pick

© 2023 Nepalitelecom