Binil KC Appointed Chairman of Moru Digital Wallet: Leadership and Innovation in Nepal’s Payment Services

Binil KC Appointed Chairman
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2nd June 2024, Kathmandu

Binil KC has been appointed as the Chairman of Moru Digital Wallet (Pay Nep Pvt. Ltd). He took the oath of office before Gunakar Bhatt, Executive Director of the Payment System Department of Nepal Rastra Bank, on Friday and officially assumed his new role.

Binil KC brings over 18 years of leadership experience in manufacturing and trading to Moru Digital Wallet. He holds a master’s degree in management and has served as a member of the board of directors for Moru Digital Wallet for the past three years.

Additionally, KC is the current president of the Tulsipur Chamber of Commerce and Industry. His appointment is expected to further energize Moru Digital Wallet’s commitment to customer satisfaction and the utilization of the latest technology.

The Moru Digital team stated, “Under the leadership of Mr. Binil KC, Moru Digital Wallet is confident in its ability to innovate and excel. We remain dedicated to achieving excellence and upholding our reputation for user satisfaction.

About Pay Nep Pvt Ltd:

Founded as the sixth Payment Service Provider of Nepal, Pay Nep Pvt Ltd received its operating license from Nepal Rastra Bank on Shrawan 15, 2076 B.S (August 1, 2019). The company’s mission is to create a unified, aggregated payment platform that empowers all Nepali people, regardless of cultural, regional, or educational background.

Services and Vision:

Pay Nep aims to provide an easy-to-use digital wallet that enables users to exercise their financial power directly from their hands. The platform features an open-ended API-based integration system for all BFIs and payment platforms, eliminating the need for users to visit branches physically. Additionally, Pay Nep offers an API-based aggregator for merchants, providing digital solutions for both operations and transactions.

With a diverse academic and professional background, the founders of Pay Nep Pvt. Ltd. are committed to addressing and solving problems within trade and the economy through an insightful approach. The company’s focus is on serving the unfulfilled needs of users by offering swift, modern, technology-driven payment products and services.

Capital Structure:

Authorized Capital: NPR 100,000,000.00
Paid-Up Capital: NPR 60,000,000.00

Vision Statement:

“Our Vision is to be the most trusted and user-friendly digital payment partner across Nepal and to become a household name for mobile rupee with Moru Digital Wallet, across all geopolitical and socioeconomic segments, creating value for all in trade as well as in wellbeing.”

Mission Statement:

“Our mission is to be the leading payment service provider, delivering world-class service through the blending of state-of-the-art technology and visionary management in partnership with competent and committed staff. We aim to achieve a reliable system of services for all, with sustainable value addition to all our stakeholders. We are committed to fulfilling this mission while ensuring the highest levels of ethical standards, transparency, professional integrity, corporate governance, and regulatory compliance.”

For more information: Binil KC Appointed Chairman of Moru Digital Wallet


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