e-Payment:eSewa Nepal First Digital Wallet

Business ePayment about 6 years ago || 6/28/2019 || 4.4 K View

e-Payment:eSewa Nepal First Digital Wallet

Introduction of eSewa
F1 soft group is an international Software Development company which is specialized in the development of internet banking and mobile banking in Nepal. In 2006, F1 soft group introduce SMS Banking(alert banking transaction) which create trust in the customer and later in 2007, add more feature and service into it. After getting well in SMS banking In 2009, they introduced mobile banking eSewa and start its operation. It recently licensed by Nepal Rastra Bank(NBR). eSewa is a group of F1 soft group which has three other companies.i.e.Fonepay Pvt Ltd, Dharma TechNet, Shiran Technologies.

eSewa is the first electronic payment system or online payment system in Nepal where we can pay through from our mobile or internet directly. It is an easy gateway of payment from which we can transfer money instantly and securely.

Vision: cover every Payment Sector
Mission: create a cashless economy

eSewa is not payment gateway for entertainment only but it also provides its services in many other sectors in just some click. eSewa is fastest growing online payment gateway and many banks are joining with the eSewa as well as covering both the private and government sector. Nepal is adapting the digital system so many online shopping stores and food ordering system is an increasing number. eSewa has very high scope in the market but also have an increasing number of competitor. Other digital mobile banking has emerged in the last few years.

Services provided by eSewa are:-

Topup & Recharge
Utility Bill Payment
Internet Bill Payment
Tv Payment
school & college
credit card Payment
Insurance/finance
movies &entertainment)
Bus Ticket/Tours & Travel
Online shopping
Food and Hospitality
Scan and Pay

eSewa gives (2-10)% cash back in different items (anti-virus,utility bill payment,internet bill payment,online shopping,food& hospitality,scan and pay,ticketing). Through eSewa we can withdrawal amount from eSewa and transfer to other banks according to amount certain amount is charged. Maximum Transaction per day was 4 and the max transaction amount is 25000 per day.

How eSewa works?

Register eSewa id
load eSewa wallet from banks internet mobile banking counter deposit & nearest eSewa.
transfer or pay from eSewa

Security

eSewa is secured by SSL certification which means customer information is encrypted before transmission
eSewa is carried out by VPN connection when customer transfer or deposit funds
eSewa stored data at the state-of-the-art data centre

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