Kathmandu metropolitan city has collected 432.6 million rupees in revenue through an online payment. The e-payment system began on September 17.

Among the revenue collection online, the highest has been house rental tax with Rs. 295 million. Likewise, Rs. 107.1 million was collected as property tax following by Rs. 44.4 million in business tax, according to KMC revenue department head Shiva Raj Adhikari.

 

The online payment has been well received by the citizens, as they no longer have to queue up at the office for payment. The rate of collection is also likely to exceed the targeted revenue collection of the KMC, Adhikari said. The KMC targets to collect Rs. 5 billion 960 million in the current fiscal year.

In the previous fiscal year, the metropolis had achieved revenue target collection by 83 percent.

Online tax collection is a system based on computer software. The main function of this system is to automate the work related to tax and revenue archiving, tax assessment, and collection.

The online tax system has two platforms, public and core portals. Of these, the features of the public portal can be used by the client. It has the facility to make the initial assessment of the tax that the taxpayer has to pay sitting at home. After filling in the details related to the taxpayer and asked and demanded, the system itself shows the amount of revenue to be paid by making an initial assessment of the tax. 

After submitting the details of the taxpayer, the tax assessment officer will verify and approve the tax assessment on the basis of prevailing laws and rates. After that, the taxpayers will be able to pay through their electronic payment system e-Sewa, Connect IPS, PhonePay, IMEPay, Prabhu pay, and others.

Source: RSS

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Pubg mobile has taken the world by storm and Nepal is no exception. The main objective of the PUBG game is to survive through looting and killing other players in the virtual world. Everyone from teenagers to adults plays and enjoys this game. With its immense increase in popularity, PUBG gave rise to tournaments being organized with a high prize pool.

THE PUBG JOURNEY SO FAR for Nepal

On 23rd of February PMCO Spring Split 2020, South Asia, the massive PUBG Mobile tournament  was completed were 16 teams from Nepal and Bangladesh were competing against each other (Though teams from Bhutan, Sri Lanka, and Maldives were also part of this region they didn't make it to the finals). The teams were selected through in-game qualifiers and through various stages. The registration was open for all and free of cost. The tournament was won by Team Hype from Nepal which included Gurkhaayt, Prototype, SK49, V3nom, and Daleon.

THE PUBG JOURNEY AHEAD for Nepal

Top 6 teams (5 are from Nepal and 1 from Bangladesh), are invited to participate from this PUBG tournament for the next level of the competition, the Pro League of South Asia region where they will be accompanied by 9 teams from India and last year's top 5 teams from PMCO Fall Split to fight for the spot in the  World League. This makes the total number of teams to 20 which will battle it out for the spot. The PUBG tournament will begin from 12th March and will go on for a month in New Delhi. The PUBG tournament will be LAN based.

TEAMS PARTICIPATING IN THE PUBG PRO LEAGUE South Asian Region:

Nepal: (5)

- Team Hype 

- Jyanmaara

- Deadeyes Guy

- Team Xtreme

- Elementrix

Bangladesh:(1)

- INES

India:(14)

- Soul

- IND

- Entity Gaming

- Synergy

- Brawlers (Team Brawlers has now got new sponsors and will now play under the name of PowerHouse.)

- Godlike

- Orange Rock

- Megastars

- Marcos Gaming

 -TeamTamilas

- Fnatic

- Umumba Esports

- Celtz

- VsgCrawlers

Also Read: PUBG MOBILE PRO LEAGUE SOUTH ASIA 2020 TO START FROM 19TH MARCH

OPPORTUNITIES FOR PUBG PLAYERS in Nepal

As Esports is growing in Nepal, this creates opportunities for the players and will also become a source of income for the players. As more and more talent is coming out from Nepal, many proper Esports organization will either emerge from Nepal or will come from outside Nepal to get the players and train them for the competition. Though it may take some time for everything to build up the future of Esports in Nepal looks bright.

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Technological advancement in today’s world has led to digitization of money. Cashless economy, nowadays, has become the goal of several countries. Introduction of cryptocurrency and digital wallets are major step towards cashless economy.

Digital Wallet, also known as e-wallet or mobile wallet, is a virtual wallet that is operated online through internet. It is also known as online payment gateway. Digital wallet enables one to complete their financial activities and transactions through few clicks and swipes. In context of Nepal, since 2009 several digital wallets have been developed and licensed as Payment Service Provider.     

5 Best Digital Wallets in Nepal

eSewa 

Launched in 2009, eSewa is Nepal’s first online payment gateway. It has also been licensed by Rastra Bank as Payment Service Provider. Pursuing their goal to create a cashless economy, it is covering almost every sector and is always expanding their services.

Having largest group of users makes eSewa the topmost digital wallet in Nepal. Some of the services of eSewa are: utility bill payments, school fees payment, movie and flight ticket bookings, insurance premium payment, etc.

Khalti

Launched in January 2017, Khalti can be regarded as emerging and rapidly growing mobile wallet, payment gateway and service provider. Their goal is to simplify the lives of people by bringing financial inclusivity to every individual in Nepal and take the payment industry from offline to online through best practices.

Having best technical team and innovative actions makes Khalti second best digital wallet in Nepal. Some of the services provided by Khalti are: utility bill payments, hotel bookings, movie and domestic flight bookings, events, etc.

Other than phone application, it also has a web version. Also, it has a biometric security option that facilitates the user to carry out their transactions by a simple touch of the fingertips.        

IMEpay

IMEpay is a mobile money service launched by IME Digital in order to provide digital payment solution. It has also been licensed by Rastra Bank. IMEpay, one of the emerging digital wallets, aims to cater vast majority of banked, unbanked and under-banked customers of Nepal. 

IMEpay, a Fintech mobile application, provides services like Remittance service, bus and cable car ticketing, domestic flight bookings, utility bill payments, ISP payment, etc.        

PrabhuPay

PrabhuPay allows its users to simplify the payment process. With this App, the consumers can easily make payments for the goods purchased and services rendered. Also, users can transfer small value fund to consumers within PrabhuPay network.

Being a digital wallet from the Prabhu group, it provides various services such as utility bill payments, insurance premium, internet and TV bills, etc. 

Comparatively, PrabhuPay is a new digital wallet and lacks in some features; however, it is very efficient in its current state.

I-Pay

Launched in 2010 by Muncha.com, IPay excels in online shopping while compared to others. IPay exclusively rewards its customers in almost all payments or transactions. It provides services such as: top-up, utility bill payments, flight and ticket bookings. IPay is also planning on expanding its services.  

Besides these, there are several other digital wallets in Nepal that didn’t make it to the list of top 5 e-wallets such as QPay, EnetPay, etc. All these digital wallets are directing our country, Nepal towards a better future and eventually towards cashless economy.

 

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Nepal Rastra Bank (NRB) has set some limitations for digital transactions through the integrated directive on the payment system.  The limitations on digital transactions via e-wallets, mobile/ internet banking, and cards have been set.

Limitations for e-Wallets

As per the new arrangements, fund transfer limits for e-wallets have been set as:

S. No.	Fund Transfer	per transaction	per day	per month
1	Agent or Sub-agent to the wallet	-	25,000	100,000
2	Bank to Wallet	25,000	100,000	500,000
3	Wallet to other Bank	25,000	100,000	500,000
4	Wallet to wallet	25,000	100,000	500,000

NRB stated that no limit will be imposed while transferring money from an e-wallet to one's own account. In addition, the payment service provider will not be allowed to charge any fee to the customer for the transactions made through point of sale (POS) machine from the merchants of department stores, hotels, shops, etc.

Limitations for Mobile and Internet Banking

As per the new arrangements, limitations for transactions via Mobile and Internet Banking have been set as:

S. No.	Instruments	per day	per month
1	QR Code	100,000	10,00,000
2	Merchant Payment	10,00,000	30,00,000
3	Account Transfer	10,00,000	50,00,000

However, no limit will be imposed on various types of payments such as taxes, revenue, fines, vehicle fees, registration, and service fees to be paid at the concerned office of the Government of Nepal.  Also, no limit will be imposed on the payment of electricity service, telecommunication service, drinking water service, insurance premium, and social security allowance; bill payment for educational institutions, health institutions, air services, transport services, hotels, and restaurants.

Limitations for Card Payments

The limitations set as per the new arrangements for transactions via cards have been set as:

S. No.	Instrument	per transaction	per day	per month
1	Prepaid Card	25,000	-	-
2	Debit Card	25,000	100,000	400,000
3	Kiosk Card	-	25,000	50,000
4	NFC Card	25,000	-	-

The credit cards, generally, cannot be used for cash transactions; but, in case of emergency, the customer is allowed to withdraw up to 10% of the amount of credit card. Prepaid cards can be issued by banks and financial institutions up to a maximum of Rs 100,000 and by payment service providers up to a maximum of Rs 25,000. 
 

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