Ncell to provide mobile financial services

Ncell has stated that expanding the sphere of its service sector; it will soon be launching mobile financial services. Much earlier, Nepal Rastra Bank had introduced a separate policy to allow telecom operators to operate mobile financial services. Speaking at a programme of logo launch, Simon Perkins, Managing Director of Ncell, said, ‘Complying with the policy, Ncell will be soon providing mobile financial services.

Complying with NRB’s new policy, Ncell will be soon providing mobile financial services

With the increase in mobile users, the demand of monetary and financial transaction that can be conducted through mobile phones is also high. Perkins said that Ncell will be offering mobile financial service to ease fund transfer within and outside the country, pay bills through mobile and conduct other financial transactions. As per the NRB policy, telecom companies have to seek permission from NRB opening a separate firm if they want to operate such kind of business.

This kind of mobile financial service is very helpful in rural areas where banking service is unavailable. Mobile financial service includes services like payment through mobile, giving and taking loans, withdrawing and paying money and money transfer. Banking service is still unavailable particularly in the Himalayan region and inner parts of terai in the country.