On the 24th of December 2018, the NRB (Nepal Rastra Bank), awarded to Cellcom Pvt Ltd the PSP (Payment Service Provider) License.
The license was awarded after a rigorous audit process by the officials of the Payments Department of the NRB. The key focus areas of the audit were data security, and customer convenience.
Launch of the Cellpay service will introduce Nepal's first completely bank backed payments service. Cellpay customers will be able to make payments to merchants, and do domestic remittance transactions directly from their bank accounts.
Key service highlights:
Complete customer privacy
Bank account linked transactions
Mobile and web enabled services
Instant settlement for merchants and businesses
The PayNet team congratulates the Cellcom management and the entire team for achieving this milestone, and look forward to a full fledged commercial launch in the coming weeks.