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A $45M Investment in Fiscal Year 2022 Boosts Goal to Reach Over 30,000 Small Businesses in Nepal

The investment in the nation's recovering financial sector is part of a wider SME strategy, which aims to help spur a greater range of financial products and services such as psychometric scoring solutions and payment systems reforms.

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Nepal: World Bank Provides $150M to Strengthen Country's Financial Sector

The credit aims to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal's green, resilient, and inclusive development.

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NPCI International, Gateway Payment Service, and Manam Infotech Join Hands to Deploy UPI Solution in Nepal

This collaboration will enable the last-mile consumers in Nepal to reap the benefits of an open interoperable payments system driving immediate payment transfers between bank accounts and merchant payments in real-time.

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Remittances Provide Temporary Cushion to Nepal’s Troubled Economy

At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.

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Banking Sector Deposits NPR 280 Million in COVID-19 Fund After Central Bank Directive

As per revised unified directives, banks and financial institutions can also contribute the fund to protect and treat their employees.

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Survey Reveals Extent of the Fallout From the Pandemic on Micro, Small and Medium Enterprises in Nepal

Based on a sample of more than 540 representatives from MSMEs across all provinces, the survey revealed that over 80 percent of businesses have suffered from a slump in sales.

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Undocumented Migrant Workers To Get Government Support for Returning Home

All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.

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Defying Predictions, Nepal’s Remittances Still High

Despite dire predictions about a drastic drop in remittances that Nepal gets from its workers abroad due to the COVID-19 induced economic downturn, money transfers have remained steady. 

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New SCBF Project: First-Of-Its-Kind Digital Tele-Medicine and COVID-19 Insurance Product in Nepal

​​​​​​In response to COVID-19, the new SCBF product upscaling project supports a local insurtech company to implement a first-of-its-kind e-health value added service product with two core features: e-health tele-consultation bundled with COVID-19 insurance.

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Nearly 5,000 Nepali Workers Apply to Return Home on Government Support

Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.