Electronic Payment System in Nepal: Group 5

Electronic
Payment System
in Nepal
Group 5
197019 - Sagar Budhathoki
197035 - Anuska Jayswal
197057 - Unika Maharjan
197094 - Ashrita Shrestha
197116 - Sambridi Thapa
ELECTRONIC PAYMENT SYSTEM:
• An online payment system used for transferring fund via
electronic mediums between parties.
• An alternative method to pay.
• It utilizes ICT (Information & Communications Technologies)
• Requires trusted financial institutions and/or financial

intermediaries.
TYPES OF E-PAYMENT SYSTEM:
Plastic
Cards
QR Digital
Codes Wallet
TYPES:
Internet Mobile
Banking Banking
HOW EPS WORKS?
DEVELOPMENT OF EPS IN NEPAL:
Credit Card E-Banking Digital Wallet
112,756 clients 992,724 40 lakh people
subscribers
1990’s 1995 2002 2004 2009 2012
ATM Mobile Banking QR Payment

68,19,602 debit 10,670,072 users Fonepay
cards issued
Benefit to Organizations from EPS
Getting a
Improved
competitive Increased sales
convenience
edge
Security and Easier

peace of mind Contactless bookkeeping
Expanded
Customer Base
Challenges to Organizations from EPS
Inertia in Global
adoption transactions
Increased Security
Costs concerns
Technical
integration
Organizations that are using the Electronic
Payment System
8
Daraz Nepal
● Daraz is one of the leading e-commerce
marketplaces of Nepal
● This digital payment process has introduced one
of the most convenient ways of shopping on
Daraz.
● Bank cards and Digital wallet now account for
over 40 percent of total sales volume
● Digital payment has accounted for 45 percent of
total 11.11 transactions
9
Bhatbhateni Supermarket
● Bhat-Bhateni is Nepal’s leading
supermarket and departmental store chain
● It has partnered with Standard Chartered

Bank Nepal for providing a card-based
payment facility
● Recently, QR-based payment service in

collaboration with Prabhu Bank was
integrated
10
Foodmandu
● Foodmandu is Nepal’s popular online portal for food delivery service.
● Foodmandu has been working as a platform where it connects restaurants to customers.
● More than 30 percent online payments after collaborating with eSewa
11
Future Trend and Development
● Growth of alternate payments
● Changing economic and regulatory scenario
● Need for user convenience and faster checkout
● Mobile and QR payments, digital wallets and

contactless cards are set to drive the future growth
of EPS in Nepal.
The Impact of COVID-19
● COVID-19 acted as an accelerator for the
adoption of EPS.
● The pandemic has given Nepali businesses

and the governments an opportunity to
automate and digitize its processes.
Emerging Trends
14
Future of EPS in Nepal
● The future is cell phones.
● NRB is actively involved in building the

large value payments system.
● Hybrid payments combining online, and

mobile methods are expected to emerge.
Potential of electronic payment system in
Nepalese business
● Technology has given rise to PayPal, Venmo, Apple Pay,
electronic checks, credit cards and other alternatives to cash
which have been ruling the market for decades.
● In Nepal, e-payment is increasingly being used in every sector,
including the financial industry.
● One of the central issues that merchants in Nepal face is a lack
of understanding about the benefits of electronic payment
systems.
● System of banking in Nepal is yet to spread its roots to each
and every corner of country .
16
Conclusion
● The development of an electronic payment system in Nepal is a

critical step in overcoming conventional cash problems in Nepalese
culture. E-payment has become indispensable to businesses and
individuals below Nepal, providing them with a fast, convenient,
reliable email based service which can be accessed anywhere.
17
References
● https://customerthink.com/7-benefits-of-electronic-payments/
● https://ictframe.com/overview-of-the-payment-industry-issues-and-challenges-of-the-payment-s
ystem/
● https://securionpay.com/blog/e-payment-system/
● https://www.lyra.com/in/e-payments/
● https://techsathi.com/qr-payment-the-future-of-digital-payment-in-nepal
● https://english.onlinekhabar.com/number-of-nepali-bank-card-users-rises-by-1-million-in-one-
year.html
18
Thank you !
19

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Electronic

• An alternative method to pay.

• It utilizes ICT (Information & Communications Technologies)

• Requires trusted financial institutions and/or financial

1990’s 1995 2002 2004 2009 2012

ATM Mobile Banking QR Payment

Security and Easier

● It has partnered with Standard Chartered

● Recently, QR-based payment service in

● Foodmandu has been working as a platform where it connects restaurants to customers.

● More than 30 percent online payments after collaborating with eSewa

● Changing economic and regulatory scenario

● Need for user convenience and faster checkout

● Mobile and QR payments, digital wallets and

● The pandemic has given Nepali businesses

● NRB is actively involved in building the

● Hybrid payments combining online, and

● The development of an electronic payment system in Nepal is a

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