Last month, the National Payments Corporation of India (NPCI) had mentioned the UPI was then reside in neighbouring nation Nepal. UPI customers can now scan QR codes to make funds to Nepalese retailers.
The partnership is a component of the Fewa New Year Festival which shall be held from April 11-14 in Nepal
Fintech agency PhonePe on Wednesday mentioned it has partnered with Nepal’s digital pockets service eSewa and the Hotel Association of Nepal (HAN) Pokhara to advertise digital funds by means of UPI on the Himalayan nation’s fee processor Fonepay Network. The partnership is a component of the Fewa New Year Festival which shall be held from April 11-14 in Nepal.
Over 3,000 retailers will take part in the pageant with greater than 1,00,000 guests anticipated to go to. PhonePe in a press release mentioned it would run on-floor activation aimed toward elevating consciousness about digital funds amongst native retailers whereas demonstrating the comfort of digital funds for patrons.
With kiosks displaying the best way to use digital funds and different interactive actions, PhonePe together with eSewa and HAN Pokhara will showcase the benefit of UPI (Unified Payments Interface) funds. “Our focus will be on creating merchant education and awareness to ensure the uptick of UPI on the Fonepay Network in Nepal,” mentioned Ritesh Pai, CEO International Payments, PhonePe.
Jagdish Khadka, CEO of eSewa, mentioned, “Partnering with PhonePe and the Hotel Association of Nepal for the Fewa New Year Festival is an exciting opportunity for eSewa to further promote digital payments in Nepal. As the country’s leading digital wallet, we are committed to enhancing the digital payment ecosystem and providing convenient solutions for both merchants and consumers. With Indian visitors being a major visitor for Nepal, this move aligns well to cater the needs of visitors and enhance their overall experience.”
He added that by means of this collaboration, we intention to showcase the advantages of utilizing UPI and Fonepay community and empower retailers to embrace digital transactions, finally contributing to the expansion of Nepal’s digital financial system. Additionally, we consider such collaboration will foster better monetary inclusion and accessibility.
Laxman Subedi, president of HAN Pokhara Chapter, mentioned, “In the joyous spirit of Nepali New Year 2081, 19th Fewa New Year Festival aims to attract 300,000 visitors. Pokhara’s hotels, supported by the Hotel Association of Nepal, offer discounts of up to 20 per cent to ensure comfortable stay for tourists travelling to Pokhara.”
Subedi added that embracing our values of Tourism, Culture, and Food, Pokhara stands out as a beacon of Nepal’s tourism enchantment. Together, let’s reveal the wonder of our area, protect our cultural heritage, welcome guests from far and large, and breathe new life into our hospitality sector.
