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Financial Services through Mobile

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Financial Services through Mobile
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February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.

According to Suman Pokharel, CEO of IME, the companies aim to provide mobile based wallet services to around 600,000 people using remittance service of IME and non-remittance sectors as well. As per Pokharel, the campaign will provide financial services to people of rural areas and group of people deprived from banking services. For this, IME will partner will mobile network operator, remittance agents, commercial banks, agents of branchless banking and merchants to provide the financial services. He said, "The campaign which purposed to provide mobile based financial services will operate after getting approval from Nepal Rastra Bank. The customers having access to internet can use this service by downloading the application otherwise they can use NTC data service to do financial transactions."

Dr. Chiranjivi Nepal, Governor of NRB addressed the program and said that such innovative electronic modern payment system will increase government revenue by Rs 50 billion annually. "Moreover, the payment system will help to increase economic transparency," he added.

 

 

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