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What will Prabhu pay do to ease your life?

24th February 2021
"Quick recharge and simple payment!"

The Prabhu PAY App helps its users to ease the method of payment. In this application, customers can conveniently make purchases for bought items and services. Quick recharge and simple payment of different service bills make this software more user-friendly and, on top of that, users can even pass the small value fund inside the PrabhuPAY network to customers. By referencing your friends to the PrabhuPay wallet app, you can also earn cash. 

People need to download the Prabhu pay app on their smartphones in order to access the mobile wallet. You will use the app to pay for service bills such as power, water supply, online shopping, Prabhu TV, and more bill payments after you load funds/money into your account. Prabhu pay is associated with over 20 thousand merchants.

The union pay and QR code check payments can be done through the Prabhu pay mobile wallet software. Their motto is "Wallet aba Mobile ma,". People can make digital payments really quickly and easily. Here is the Prabhu pay app general concept. 

Prabhu Pay is offering a mobile-based wallet that offers a range of payment options including utility bills payment, P2P, and others, however, one of differentiating factors in Prabhu Pay wallet is its unique feature to allow the wallet to co-operative and bank account transfer. Prabhu Pay is a mass-market product. Presently  Prabhu Pay has launched a USSD and SMS options for its mobile money Services. 

Prabhu Pay features

  • •Merchant Payments: can be conducted through the PrabhuPay portal. It includes payment for utility bills, airtime, insurance premium, school fee, online, and over-the-counter shopping. 

    • P2P payments: Individuals or businesses can use Prabhu wallet to transfer payments to their counterparts’ wallets. This would save cost as well as time for both the parties and would allow Prabhu to move customers from OTC-based transactions to wallet-based transactions. 

    • Bulk Payment: Bulk payment services for transferring amount from a core account to multiple wallets for e.g. salary payments, value chain payments, etc.

What will Prabhu Pay do to ease your life?

  • Prabhu pay does it all whether you get sick or need to fly around the world, you do not need to think about standing in line and purchasing tickets. Prabhu Pay offers services such as OPD Hospital ticketing, ticketing for flights and other vehicles, ticketing for movies, ticketing for specified events, and the Digital application form.

  • A simple, fast, and convenient way to pay for the items bought or other services provided in the shops.

  • Using their QR code and phone numbers to give cash directly to existing PrabhuPay customers.

  • Jump the queue to make quick payments, such as postpaid and prepaid bills, for power, cable TV, broadband bills, and phone bills.

  • Notifications from Local Sales on customized offers.

  • A handy way to track/book local vehicles.

  • Simple access to the transaction history.

  • To withdraw your PrabhuPay wallet fund, obtain the locations of different ATM withdrawal centers.

  • Easily top-up your PrabhuPay wallet via registered merchants with PrabhuPay and link your bank account to your debit card to make the transfer.

Why Prabhu Pay?

  • •Prabhu Pay provides promotional services, Financial literacy, awareness, and sensitization services ( using Local radio and Social media with local Language) and procedures. 
  • •Agents’ staffs receive training through digital channels. 
  • •Prabhu Pay Field representative contact the network frequently and regularly provide additional support to the Cooperatives, Agent, and rural customer. 
  • •Call Center monitor and provide remote technical support to the Agents.

Download Prabhu Pay using the below links:

play-store

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Limitations for Digital Transactions set by NRB: Maximum of Rs 25000 set for per transactions in e-Wallets

31st August 2020
"NRB set some limits for digital transactions."

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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8,000+ SMEs Move Online via Daraz Sahayatri Program

23rd September 2020
"The Sahayatri program stands in line with Daraz’s mission to make it easy to do business in the digital age."

Daraz Sahayatri Program, an SME (Small and Medium-Sized Enterprises) support package worth NPR 55 Lakhs, which invited SMEs to set up their online stores on the nation's leading e-commerce platform, has successfully received more than 8,000 registrations. More than 2,100 SMEs are already operating online with sales on Daraz while others are in the onboarding phase. 

Daraz-Sahayatri

Daraz invested NPR 55 Lakhs and waived marketplace fees for four months giving sellers access to more than 7 Lakh monthly active Daraz customers across the nation.

Furthermore, to help SMEs succeed online, Daraz has been providing free unlimited access to business consultation, e-commerce education and training via Daraz University. Daraz also provided dedicated one-on-one support to its existing and new sellers. 

We are happy that we could support the local ecosystem with our Sahayatri program, but there’s a lot more to do. The SME sector still needs more support during these COVID-19 times and we will continue to work towards the empowerment of small businesses across Nepal” said Lino Ahlering, Managing Director, Daraz Nepal.

The Sahayatri program stands in line with Daraz’s mission to make it easy to do business in the digital age. Nepal’s leading online shopping marketplace currently has a growing community of more than 6,000 operating sellers and hosts more than 5 Lakhs products from Electronics, Fashion, Groceries to Household products. Daraz sellers are now gearing up for Daraz Shoputsav, the biggest shopping season of the year that includes back to back mega sale campaigns: Dashain Dhamaka, 11.11 and 12.12. 

Interested sellers looking to sell online with Daraz can easily register by following this link:  http://bit.ly/sellondarazPR

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