KATHMANDU: Cellcom Pvt. Ltd on Tuesday launched a payment service provider ‘CellPay’.

Nepal Rastra Bank (NRB) Governor Chiranjeevi Nepal inaugurated the service amid a program organized at Soaltee Crowne Plaza, Kathmandu.

Inaugurating the program Governor Nepal said that the world is moving forward to financial technology and Nepal should follow the suit.

“Technology is the high-cost business and needs to be secured”, he said, “The product like ‘CellPay’ has challenges as well as opportunity in Nepal.”

Likewise, Chairman of Cellcom, Deepak Malhotra said that CellPay is in Nepal to meet the public demand of digitalization as CellPay serves the people for the real-time transfer.

Similarly, Cellcom Managing Director Pawan Pradhan said that it is the new technology-based service in Nepal in which customers don’t need to load the money like in a mobile wallet.

Similarly, senior actors, as well as the product’s brand ambassadors Madan Krishna Shrestha and Hari Bansa Acharya, shared their views on CellPay.

Cellpay can easily be operated with it’s mobile and web applications without any e-wallet and provides services of payments and fund transfers and many more with your own bank account.

Along with this Cellpay has been developed considering various international security standards to make the overall system trusted and reliable.

Cellcom has been established as a payment service provider providing services such as different Telecom services, electricity, drinking water, T.V., Internet payments, different shops and restaurants, payments for Movie Hall, Fund Transfer from one to another Bank, domestic remittance, P2P, P2B, P2G, B2P, B2B, B2G and other service operated in real-time.

Any transaction done with this service is performed through the banking system and the customer can easily enjoy these services through any of the partnered banks with Cellpay.

Cellpay app is available in Google play store and Apple Appstore.

For the merchants, they can be associated with Cellpay from which the payment made by the customer will be directly available in their bank account in real-time and also the charges applicable for the service by Cellpay is minimal than any other payment service providers.

CellPay is a digital debit card that can link multiple bank accounts to any CellPay account. The service supports merchant payments and fund transfer.