by Red Apple PR Agency | Jun 22, 2017 | News & Events
PRESS RELEASE Visa Marks 20 Years of Growth and Innovation in Nepal Over 147mn transactions totaling US$12.7bn processed through Visa network Kathmandu, 19 June 2017 – Visa, the global leader in payments technology, is this month celebrating two decades of operating in Nepal. Since the first Visa card was launched in 1997, Visa has led Nepal’s transition from magnetic stripe cards to EMV chip technology, powering the country’s adoption of digital payments. Over this period, Visa has processed over 147 million transactions totaling US$12.7 billion across Nepal, in the process growing its card base to nearly 3 million Visa cards in the market . Commenting on the milestone, TR Ramachandran, Visa’s Group Country Manager, India & South Asia said, “Nepal is one of our key growth markets. With an increased focus on electronification of payments and the eCommerce industry booming in the foreground, Nepal is taking rapid strides towards new age banking.” He further added, “In 2017 alone, we have managed to grow our transactions by over 42%, our payment volumes by over 35% while managing a 22% growth in issuance of new cards. We will continue to accelerate this progression by deepening our partnerships in Nepal and leveraging our global payments network to introduce new innovative payment solutions in the country.” In Nepal, Visa is associated with leading financial institutions and merchants across the country, offering consumers the choice of using their Visa products across over 6000 point of sale outlets and numerous online platforms. As part of its growth plans, Visa continues to invest in the development of the acceptance infrastructure that would stimulate the adoption of...
by Red Apple PR Agency | Dec 27, 2015 | News & Events
Press Release Nuspay Launches First Tap & Pay NFC Smart Payment Card in Nepal SUNNYVALE, Calif., NOV 16, 2015/ — Nuspay International Incorporated, a global technology company in the payments industry announced today the launch of the first NFC (near field communication) Tap & Pay payment card in Nepal. The ground-breaking electronic multipurpose Nuspay NFC payment card was created in association with Nepal Bank Limited and Sajha Yatayat, a public transportation bus services provider in Nepal. The NFC Tap & Pay payment card will reduce fraud in travellers’ payments while allowing commuters on Sajha Yatayat buses to conveniently pay for their journey using the Nuspay co-branded Sajha Yatayat Smart Travel Card. “Nuspay will act as both payment network and processor, becoming a unified payment technology platform in Nepal. This will provide a single point of service to access its payment solutions across the entire payment processing value chain between financial institutions, merchants, and customers” said Greg Wooten, Chief Executive Officer of Nuspay. Commenting on their alliance with Nuspay, Mr. Kanak Mani Dixit, Chairman Sajha Yatayat, said, “This partnership to launch our multi-purpose NFC-based payment system will have a substantial impact on both commuters and bus conductors for increasing convenience and offering complete security against risk of financial leakages simultaneously. The fare amount will be charged on the basis of the travelled distance while tracking the entry and exit of the passengers through the Smart Travel Card solution”. Mr. Devendra Pratap Shah, CEO Nepal Bank, which has partnered with Nuspay to implement the solution, added, “We are pleased that our partnership with Nuspay will help usher in...
by Red Apple PR Agency | May 17, 2015 | News & Events
For Immediate Release UNFPA and IPPF to partner in providing Sexual and Reproductive Health services to earthquake affected women and girls in Nepal May 06, 2015: New Delhi/ Kathmandu/ London: The United Nations Population Fund (UNFPA) and International Planned Parenthood Federation (IPPF) have entered into a partnership to ensure that the need for sexual and reproductive health care of young girls, pregnant women and lactating mothers in Nepal is urgently met in the wake of the devastating April 25 earthquake. An estimated two million women of reproductive age have been affected by the disaster. Of these, there are about 126,000 currently pregnant women who are in urgent need of clean delivery and reproductive health kits. About 2,100 women may suffer from obstetric complications over the next month alone. UNFPA estimates put about 40,000 women of reproductive age – including those at camps for the displaced — at increased risk of sexual violence. UNFPA has pledged support to IPPF’s Member Association, the Family Planning Association of Nepal (FPAN), to expand and strengthen mobile medical camps. Safe delivery and reproductive health kits, as well as dignity kits which contain essentials including sanitary pads, have also been provided by UNFPA through IPPF to FPAN for women of reproductive age. UNFPA and IPPF through its SPRINT initiative and FPAN are organising mobile medical camps in affected areas to provide critical sexual and reproductive health services (SRH) along with general health services. So far, IPPF through its SPRINT initiative along with FPAN volunteers and staff have mobilised three mobile teams and one referral unit. These mobile teams have, as of this...
