Payment gateway is the method by which users can send, receive or do merchant services using their debit/credit cards or any specified account number easily by being in the system developed by the payment gateway.
Online payment gateway is simply the gate or method which allows us to do online transactions integrating the financial institute with other services. Using debit or credit card to do online shopping and paying instantly is also a form of online payment gateway.
In Nepal also, there are many online payment gateway which can be used for personal purpose or business purpose. They are being widely use for mobile recharge, electricity bill payment, remittance payment and receive, college/school fee payemnt and many more. Even, some companies have license to have the international payment system. Companies like Esewa, Khalti and SCT MoCo are one of the leading payement gateway in Nepal. In international-Paypal, Visa, Alipay, skrill are the leading one. We will list out the best online payment gateway in Nepal for businesses as of 2020.
List of Payment Gateway in Nepal for Businesses:
Esewa is the Nepal’s first online payment gateway having comprehensive online payment solution. With eSewa digital wallet, customers can pay, send and receive money simply using their mobile phone and the Internet instantly. They have been in operation since 2009 and have been licensed by Nepal Rastra Bank as Payment Service Provider. It has been the number one in the market having greater than 60% occupancy. It have users of greater than 20 lakhs.
To integrate the Esewa into your services, mail the details of your requirement in firstname.lastname@example.org
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Khalti is a new generation payment gateway, digital wallet and API provider system for various online services in Nepal. With Khalti, users can accept payment from eBanking users of banks, Mobile banking user, SCT/VISA card holders, etc.
Besides Esewa, it is in the second most popular gateway services in Nepal. Users suggested Khalti for integration of payement because it is easy, hassle-less and free. Users can easily integrate this khalti gateway by sending mail at: email@example.com
3. IME Pay:
IME Pay offers a wide range of payment services and convenient way to transfer money from wallet-to-wallet, pay utility bills and make purchases online or offline with easy interface. It is also one of the most useful gateway service provider in Nepal.
It is also one of the payment gateway in Nepal having ties with few banks and provides various payment methods like recharge cards, utility payment services, fund receive and payment services and many more.
5. SCT MoCo:
SCT MoCo is the subsidiary company under SCT. SCT is the smart choice technologies established in 2001, providing ATM services. It is one of the most popular company during those days. Later, they have got the license from Nepal Rastra Bank as the service provider for the online payement gateway.
6. Nabil Electronic Payment Gateway (EPG):
It is the Nabil Banks, EPG system where Nepali businesses can sell their products/services online in a secure environment by accepting payment through Visa, MasterCard & UnionPay International Cards issued in Nepal or abroad.
For more information regarding their servicse: https://nabilbank.com/index.php/personal/card-e-banking/services/nabil-electronic-payment-gateway-epg.html
7. Himalayan Bank Enhanced E-Commerce Payment Gateway:
It have been giving services since 2017. The E-commerce service is available for all businesses such as airlines, hotels, travel & tours, online shopping sites, movie theaters etc.
For more information: Himalayan Bank E-Commerce Payment Gateway.
Besides top 7 there are other service providers like Qpay, ePay, nPay, PayWay and local bank which have been in the market but are not quite successful. The reason they might have is because of market competency.