Nepali Entrepreneurs Can Now Accept Foreign Payments Digitally
Foreign Payments Made Easy: Nepali Entrepreneurs Can Now Use Digital Wallets
For a long time, Nepali freelancers, online sellers, and small business owners had one big frustration: accepting payments from international clients was harder than it needed to be.
But that’s about to change.
Nepal Rastra Bank (NRB) has officially allowed digital wallets in Nepal to accept foreign payments. Yes, that means you can now receive money from international clients or tourists directly into your wallet app using QR codes.
Let’s break down what this actually means for entrepreneurs, creatives, and digital workers across the country.
What’s New?
According to the latest directive issued by NRB, licensed digital wallets (like eSewa, Khalti, IME Pay, and Fonepay) can now:
- Accept payments in foreign currency (e.g., USD, INR, EUR).
- Allow international customers to pay via QR codes.
- Instantly convert the amount into Nepali Rupees.
- Deposit the money straight into the user’s digital wallet.
This is especially good news for freelancers, content creators, tourism businesses, and e-commerce sellers who often deal with customers abroad.
Why This Matters
Before this update, many Nepalis struggled to find legal and affordable ways to accept international payments. They often relied on:
- Complicated bank transfers.
- Expensive third-party apps.
- Informal money channels like hundi.
NRB’s new policy offers a much safer, faster, and more official solution. And it’s a step forward in modernizing Nepal’s digital economy.
Who Can Use This?
This change is ideal for:
- Freelancers are working with clients overseas.
- YouTubers, bloggers, and creators earn from platforms like YouTube or Facebook.
- Tourist guides, hotels, and travel agents serve foreign visitors.
- Online stores selling Nepali goods internationally.
- IT professionals, developers, and designers offering global services.
If you’re earning from outside Nepal or planning to — this new system could make your life much easier.
Any Limits or Conditions?
Yes, there are a few rules in place (for now):
- Only NRB-approved wallets can offer this feature.
- Users must complete KYC (Know Your Customer) verification.
- There could be restrictions on the maximum payment you can get at once.
- It’s intended for small-scale payments, not large investments or business deals.
This cautious rollout ensures the system remains secure and stable as it grows.
Nepal Joins the Global Digital Payment Trend
This decision comes shortly after Nepal’s integration with India’s UPI system. In June 2024, Nepali users could start scanning Indian QR codes to make payments while visiting India. Now, foreign visitors or clients can pay into Nepal just as easily.
It’s a sign that Nepal is slowly but surely becoming part of the global digital finance network.
Also Read : PayPal Account in Nepal: Availability, Usage, and Alternatives Explained
What Happens Next?
Wallet providers are now working to integrate this feature into their apps. We can expect them to roll out international QR code payment options soon, along with clear instructions on how to activate and use the feature.
If you’re an entrepreneur or side hustler, now’s the time to prepare:
✔️ Verify your digital wallet
✔️ Stay updated with your provider’s announcements
✔️ Get ready to receive global payments without leaving your phone
Final Thoughts
This move by NRB is more than a policy change. It’s an opportunity for Nepali entrepreneurs to reach global customers, earn internationally, and grow beyond borders.
It’s simple. It’s digital. And it’s finally here.
Are you ready?
FAQs
1. Can I receive PayPal payments in my Nepali wallet?
Not directly, but with NRB’s new policy, digital wallets may integrate such features in the future.
2. Do I need a business registration to accept foreign payments?
For small-scale freelance work, not necessarily, but KYC verification is required.
