TEDxMaitighar

Payment Gateway in Nepal: eSewa’s Influence

eSewa, launched in 2009 by the fintech trailblazer F1 Soft, has become a beacon of innovation in Nepal’s digital payment landscape. With a strategic vision to capitalise on the rapid increase in mobile penetration (from less than 10% in 2007 to over 65% by 2017), eSewa has set out to simplify transactions, promote digital payments, and enhance financial inclusion across Nepal.

A World of Convenience at Your Fingertips

Imagine a world where paying bills, topping up mobile airtime, transferring funds, and booking international trips can all be done from your smartphone. That’s the reality eSewa brings to over 420,398 active users across Nepal through its mobile app and expansive network of 24,793 agents nationwide. This accessibility has not only catered to diverse consumer needs but has also propelled the adoption of cashless transactions throughout the country.

Regulatory Milestones and Growth

In a landmark achievement, eSewa secured a licence from Nepal Rashtra Bank in late June 2017, paving the way for expanded mobile wallet services. This milestone not only opened new avenues for business development but also underscored eSewa’s commitment to regulatory compliance and consumer trust.

Impactful User Experiences

Users rave about eSewa’s transformative impact on their daily lives:

“eSewa has made my life so much easier. I used to spend hours paying bills and buying airtime, but now it’s just a few taps away on my phone.” – Rajesh, Kathmandu“As an eSewa agent, I’ve seen my business flourish. From a small shop to a thriving hub for digital transactions, eSewa has been a game-changer.” – Sita Devi, Pokhara

Innovating for the Future

eSewa’s network of agents, ranging from neighbourhood shops to bustling internet cafes, plays a pivotal role in local economic activity:

Thanks to eSewa, I’ve expanded my business and now manage multiple outlets. It’s not just about transactions; it’s about empowering communities.” – Umesh Shrestha, Zone Travels P.ltd

Empowering Local Businesses and Communities

eSewa’s network of agents, ranging from neighbourhood shops to bustling internet cafes, plays a pivotal role in local economic activity:

Thanks to eSewa, I’ve expanded my business and now manage multiple outlets. It’s not just about transactions; it’s about empowering communities.” – Umesh Shrestha, Zone Travels P.ltd

Innovating for the Future

Recognized for its innovation, eSewa received a grant from the GSMA Ecosystem Accelerator Innovation Fund in April 2017. This funding aims to enhance service offerings, improve user experience, and foster deeper partnerships with mobile operators across Nepal.

Conclusion: Embracing the Future of Payments

As Nepal embraces the digital age, eSewa stands tall as a catalyst for change, driving economic empowerment and digital transformation. With its commitment to seamless transactions and financial inclusion, eSewa continues to redefine what’s possible in Nepal’s evolving digital economy.

For those looking to embrace the future of payments in Nepal, eSewa offers not just convenience, but a promise of a more connected and economically vibrant society.

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