Showing posts with label Finaccess. Show all posts
Showing posts with label Finaccess. Show all posts

Sunday, March 24, 2013

Cellcom launches payment platform



Cellcom has launched Cellpay, the latest payment platform in the growing domestic mobile commerce market.
In the first phase, Cellpay will allow its users to make payments for Nepal Telecom’s (NT) services — balance recharge, payment of GSM, CDMA and PSTN service and ADSL internet. "It is the first of its kind payment portal that allows pinless recharge for pre-paid mobile service of Nepal Telecom at anytime from anywhere," said managing director of Cellcom Rajendra Bahadur Singh.
Cellpay can be accessed either through a mobile application in smartphones or through SMS service. Customers, who have a deposit account with any of Cellpay’s partner banks can tie up their account with the service after registering themselves with Cellpay.
After the order is placed through a mobile device, the amount is deducted from the bank account and the mobile, landline or internet bill is paid simultaneously.
"Our service will not include any additional charge," added Singh.
At present, Cellpay has affiliated its service with Citizens Bank International, Century Commercial Bank and Kumari Bank.
Any customer without any bank account can also access the service through designated agents like local retailers. "We are in the process of appointing agents who will allow customers to access Cellpay and make payments," he said.
Mobile payment service and mobile commerce is an emerging sector that facilitates the expansion of financial services. Some existing services are Kumari Bank’s Mobile Cash, Finaccess’ Hello Paisa, and F1Soft’s Fonepay and eSewa that provide a platform for mobile and internet payments.
These portals work as a mobile wallet that allows customers to make merchant payments at retailers, and utility payment for phones bills and electricity among others, and even make person to person transfers.

Tuesday, November 6, 2012

Hello Paisa shortlisted for 'Innovator of the Year Award 2012'


Finaccess (Hello Paisa) has been selected as the top three final nominees for the 'Innovator of the Year Award - 2012' by the Swedish International Development Agency (SIDA)'s Innovation Against Poverty (IAP) programme.
The IAP annual conference and awards ceremony will be held on November 26 in Stockholm, Sweden, where the award will be presented to the 'Innovator of the Year' by the director general of SIDA after selection by eminent global panellists.
The nomination is a recognition by SIDA and Innovation Against Poverty of Finaccess’s efforts towards providing innovative business solutions to bring financial access to the underserved and unserved segments of the population across Nepal, said executive chairman of Finaccess Sanjay Bahadur Shah.
The shared access of Hello Paisa eco-system and interoperability of customers, banks, mobile operators, and agents is a key feature that enables all segments of the population access to state-of-the-art mobile financial services, according to him.
Finaccess is a technology empowered financial services company as it offers two main services – mobile financial services through its proprietary software Cell or and its shared access and totally interoperable Hello Paisa platform and financial inclusion services by expanding and setting up of the eco-system of agents and merchants required for effective delivery of financial services at the grass roots level.
Currently five banks and financial institutions — Laxmi Bank, Bank of Kathmandu, Siddhartha Bank, Commerz and Trust Bank Nepal, and International Leasing and Finance Company — use the Hello Paisa network. This initial network of five banks and financial institutions already has 175 bank branches and 125 agent touch points for delivering services. The agent network is expected to increase substantially within the next few months and be able to deliver financial services to all corners of the country.