20th October 2023, Kathmandu
Customers of the BFIs and PSPs (NEPALPAY Instant Dashain Offer) will now be able to make free fund transfers with NEPALPAY Instant for a limited period during the Dashain and Tihar festivals from the 1st of Kartik till the 30th of Kartik, 2080.
NEPALPAY Instant Dashain Offer
With NEPALPAY Instant, the customers can transfer funds using the mobile number of the beneficiaries specified at BFIs, Wallets, or connectIPS. Such service can be availed from connectIPS, selected mobile banking, and wallets (currently available in Sanima Bank, Garima Bikas Bank, Agriculture Development Bank, CellPay, HamroPay, and MORU).
NepalPay Instant
NEPALPAY Instant is a proxy-based direct credit instrument in which a fund transfer or payment is made based on the virtual payment address (VPA) of the beneficiary.
A sender can initiate a transfer using the beneficiary’s mobile number or similar identifier which reduces the need to expose bank accounts for fund transfers.
This allows the customers to initiate transfers from mobile banking or wallet or connectIPS by selecting the network and then enter the mobile number of the beneficiary.
For more information, visit Click Here.