First Business News Portal in English from Nepal
KATHMANDU: In conjunction with the Nepal Investment Bank, FocusOne Payment Solutions and Visa have introduced the ‘Scan to Pay’ service for the first time in the country.
FocusOne Payment Solutions is a payment service company licensed by the Nepal Rastra Bank to provide payment processing services. On Thursday, Moco, a mobile digital wallet, was launched by the company.
Moco Digital Wallet is a game-changing innovation in online payments, made possible by a partnership with world-renowned Visa on digital payments. Users can effortlessly attach their Visa card details to their phone with this application.
By scanning the QR code displayed on the screen, a retailer can begin accepting payment for a transaction.
Nepal Investment Bank Ltd. Visa card holders will now be able to link their debit or credit cards to the Moco app, allowing them to purchase and use a variety of services such as telecommunication top-up, internet access, and utility bill payments.
In order to take advantage of this service, the customer does not need to reload the balance in their digital wallet on a regular basis.
Soumya Basu, Country Manager, Nepal, Bangladesh and Bhutan, Visa said “We are delighted to launch the Scan to Pay feature with MOCO. Visa has always aimed at enabling easier access for all and as a network working for everyone, we want to make digital payments more convenient, smoother and safer for cardholders and merchants. With this partnership, we are confident that users in Nepal can now use their Visa credentials on smartphones to make QR payments at merchants, which is a cost-effective way for merchants to accept digital payments as well.”
Jyoti Prakash Pandey, Chief Executive Officer of Nepal Investment Bank Ltd. mentioned that in line with Nepal Rastra Banks’s vision to popularize standardized QR payment experience; we have tied up with FOCUSONE Payment Solutions, a PSP in Nepal to launch an international QR platform to our Visa cardholders.
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