Nepal Telecom is going to launch the 'Namaste-Pay' digital payment service on Tuesday (September 14, 2021). Namaste Pay is the mobile money service set up by Nepal Telecom and Rastriya Banijya Bank (RBB) with an authorised capital of Rs. 1 billion.

Nepal Telecom had opened Digital Payments Company Limited in collaboration with Rastriya Banijya Bank last year.

Namaste Pay mobile wallet is the first offline payment system that can work without the internet to make digital payments.

Non-smartphone users can do payments by typing the USSD code, the users can make offline transactions. It will also help non-smartphone users and digitally illiterate users to access such payments.

USSD is now a 'request system' that can be used by dialing *1415#  for service even when there is no internet.

For online users, a mobile wallet app will be available. Rashtriya Banijya Bank will act as a settlement bank for payment services. 

Namaste Pay will work as a payment service provider in mobile money technology, including utility payment services like electricity bills, water bills, etc. 

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The 4G expansion of Ntc which started in October 2019 with the presence of the Prime Minister has now reached all 77 districts with more than 2500 towers. The 77th district with Ntc 4G coverage was Humla. As per Latest Information, Nepal Telecom 4G has reached 596 local bodies of Nepal. Nepal Telecom started 4G service back in 2017 from Kathmandu and Pokhara only, being the first telecom service provider to launch 4G in Nepal.

With the expansion of the 4G network to a huge area, Nepal Telecom increases its 4G customers significantly by more than 30 lakhs in a matter of around 4 months’ time. During the soft launch in October, the 4G customer base was just 8 lakhs. Ntc has a 4G subscription of around 70 lakhs, who can use the 4G service at any time.

Nepal Telecom has been using two different spectrum bands for the 4G LTE network which are 1800 MHz and 800 MHz.NTC 4G service is available through the band of 800 MHz in areas with relatively low population density and wide geography and 1,800 MHz in areas with high population density. In addition to the company's network access, the mobile set can use both the 800 MHz and 1,800 MHz bands.

"According to the characteristics of the mobile service, the quality of service will be directly affected by the geographical and terrestrial conditions, said Rajesh Joshi, spokesperson of Nepal Telecom.

Nepal Telecom now provides 4G coverage to all 77 districts. After the operation of Simikot tower (the district headquarters of Humla district), the Ntc 4G signal reaches all districts. Earlier the 4G network coverage was focused on major cities and areas in the Hilly and Terai area. But now Ntc has expanded 4G to remote hilly and mountainous areas like the Rara, Mustang, Jumla, Bajhang, and many more.

As Ntc provides 4G in two spectrum bands, namely 1800 MHz and 800 MHz, we suggest you check before buying a compatible mobile that supports both bands. This is a mandatory thing when you require a 4G connection even when you reach remote areas.

It is due to this 4G coverage expansion, people are able to attend online meetings, online classes, and work from home, even from distant locations. Now Nepal Telecom has also made the Happy learning pack available for all, that you can purchase without any registration.

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Nepal Digital Payment Company, Nepal Telecom's affiliate, has sent a request to Nepal Rastra Bank (NRB) for a license to run a mobile cash facility. To run the digital payment service using a mobile number, the organization seems to have built up all the necessary facilities. Nepal Telecom will formally begin offering mobile money services in Nepal from the Nepal Digital Payment Company after acquiring the license.

Phase of Licensing

The mobile money directives were accepted by NTA approximately a year ago. Six months ago, Nepal Telecom got a letter of intent (LOI) from Nepal's Rastra Bank. According to the requirements of LOI, within six months of acquiring LOI, the organization needed to set up company facilities, hardware, and applications for running mobile money service. As a result, Nepal Digital Payment Company has applied for a license for digital payment using mobile cash after six months of planning.

As per the report, published in Kantipur Mr Dilli Adhikari, MD of Nepal Telecom, submitted a license application to the NRB on January 10. He also announced that the implementation process for technological frameworks, applications and legal infrastructure was complete.

Nepal Rastra Bank (NRB) will now track and issue approval for the company's overall scheme. This indicates that the Mobile Money Service of Nepal Telecom will run in the month of Falgun, 2077, as NRB control and authorization could take some time. Nepal Digital Payment Company is a joint venture formed with the approved capital of NRs between Nepal Telecom and Rashtriya Banijya Bank (RBB). Of 1 billion.

So far, the Top Digital Payment Wallets in Nepal are identified by many digital payment service providers in Nepal. Nepal Digital Payment Company may be the pioneer in Nepal's digital payment field with the licensing and launch of the mobile money service, if anything goes according to the scheme.

There are different fascinating aspects of the mobile money app, such as providing a wallet attached to the mobile number itself.

How do they handle the balance in the Mobile Cash Department?

They will hold two different wallets or account for your mobile number, as they are known. One is for the daily smartphone balance (main balance) and another is for the wireless money wallet to be used. Taxable sums such as VAT, telephone operation fees and cell ownership fees are added to the key balance, according to the source. Therefore, to prevent tax inclusion in the wallet portfolio, the primary balance would not combine with the wallet fund.

For now, you will have the option of using a recharge card to load mobile cash. During recharging, we may opt either to retain the recharge number in the wallet or in the main balance.

Another feature is that a bank account connected to it is not provided by the service to conduct transactions. Many digital payment systems need a bank account to which they are connected. But the customer does not even need a bank account to use digital payments from the mobile money app. As well as the wallet fund, the customer can use the recharge card to recharge the phone balance. The smartphone balance will then be used to buy products and services, to pay taxes, to buy records, and so on.

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