Now a days online payment is rapidly increasing day by day as increase in the Information Technology. This has changed the whole world living standard. Due to internet, this huge world has turned into a global village. So just staying at a home, people can send a message to a mile to conduct the financial transactions. And this is only possible through online payment system.Online Payment System is one of the best systems for performing financial transaction through internet. Due to its simplicity and flexibility in making payment, large number of people performed their financial transaction on it.Nepal Rastra Bank is planning to make cashless economy in Nepal. Many countries are moving to cashless payment options. Nepal is also trying to make many transactions digital. People are using many digital online payment services these days. Almost all of them are linked to bank for loading funds for online payment.
How Online Payment System works?
When a merchants accept online payments. They need to have access to Payment Gateway, which is often provided by a third party known as payment processor. The online payment gateway is a service that transfers the online payment information between the merchant and the payment processor. Online payment process follow the following stages:
Customer submits the payment information to the merchant.
The merchant submits the payment information to the online payment gateway.
The online payment gateway submits the payment information to the payment processor.
The payment processor authorizes the payment and responds to the payment gateway.
The payment gateway responds back to the merchant.
The merchant responds back to the customer.
Costumers fill the form on the merchant website, they need to provide their credit cards information, or their online bank account details. Then Payment processes checks the information and send response back to merchant and merchant display the information whether the payment is approved or not.
Merchant should follow security requirements to decrease the chance of the billing information and personal information being stolen. The transfer needs to occur over secure encrypted connection.(https://, on websites). A payment service provider (PSP) offers merchants online services for accepting electronic online payments by a variety of payment methods as credit card, direct debit, bank transfer, and online banking.
1.)E-sewa:-ESewa is the first online payment system in Nepal and also called Digital Payment Portal. They also got license for Payment Gateway from Nepal Rastra Bank.With this service you can pay for many merchants and stores like bhatbhatenionline.com, giftmandu.com, harilo.com, Yeti airlines, Buddha air, QFX cinemas ,school free,electricity bill payment,Internate bill of subisu,vainet,classitech and many more. Not only this, you can top up your mobile, pay postpaid, landline and ADSL bills, airline tickets, buy bus tickets, movie tickets and transfer money from one bank to bank. eSewa compatible both on the web and on the mobile device. Users can load fund to their accounts using theirs partner banks. One the great thing that this service provide some of money in return as cashback for doing transaction and give reward point which user can get many things by redeem the reward points.They even collaborate with most of National Nepalese Banks and provide online eSewa services. Besides, eSewa registration is free for everyone. And it is actually developed by F1 Soft Company and verified by VeriSign authentication services. To use this service, you have to be of age 16 or above. Similarly you will not be charged for any payments made to the merchants. However for performing fund transfer to another bank you have to pay a minimal amount of money based on eSewa policies.You can register esewa via mobile number or email id.
Need more information about esewa than follow the link
www.esewa.com.np
2.)Khalti:- Khalti is another payment service provide Nepal which is operated and owned by Sparrow Pay Pvt. Ltd. Khalti compatible both on the web and on the mobile device.From khalti you can top up your mobile, pay postpaid, landline and ADSL bills, airline tickets,internate bills and many more.You can register free of cost.You can register via mobile no, & email id.You will get certain amount of cash back as return for doing transaction.
Need more information about khalti than click the link
www.khalti.com
3.)iPay:- Ipay is the one of the online payment service in Nepal. It serves its customers to pay telephone bill, electricity bill, internet bill and other utility bills and many more using iPay service. Further, one can buy recharge cards, top mobile phone in just few clicks. Flights booking for domestic airlines such as Buddha Air, Yeti Airlines, Simrik Air and Saurya Airlines are also available in iPay. Customers can also buy movie tickets, travel tickets of buses and manakamana darshan tickets with us. iPay also allows to pay the bills of various online shopping stores. We are working to add more services such as payment for Insurance Companies, Schools/Colleges fee etc. iPay is a safe, easy way to pay and get paid online. iPay will operate on an exclusive reward platform in which users will be awarded some reward amount in almost every payment which can be instantly used.
Need more information than go to link
www.ipay.com.np
4.) Nepzy:- They are also one of the popular service providers. Currently Nepzy only supports 3 banks and SCT nPay. They have clean easy interface with few options. It is just mobile recharge top-up, internet bill payment, TV Bill and Flights booking. Their mobile app is also simple with all the features available to computer users. The payment is done instantly after withdrawing from source like bank.Need more information than go to link
www.nepzy.com
www.nepzy.com
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