A new wallet service has been launched without the need for internet. Paywell has started such a service without even needing the internet. Paywell Wallet has made its app public by providing such a service.
It has said that it would provide such services using technologies such as SMS and USSD. Using this technology, services like top-up and fund transfer will be available through offline service. It is said to provide services both with and without the internet. “Earlier, wallets used in Nepal required internet. But Paywell wallets can be traded in both ways,” said Bhim Prasad Timsina, director of Paywell Wallet Company.
The Paywell app is a recently launched payment provider wallet. It will provide payment services. From this, the general public will be provided many services including electricity, drinking water, hospital, hotel, restaurant bill payment, telephone, internet recharge. The company has also provided services targeting new customers. Timsina said that this app will also be helpful for transferring or receiving share purchase and sale amount.
Future of Paywell
The company claims that Services will be more investor and capital market-friendly in the stock market. The app will provide more services to investors trading in the capital market. This wallet is not only capital market-friendly, it has also announced the issuance of public shares in the future. The company, which started with a paid-up capital of Rs 10 million, has also sought permission from the central bank to increase its capital by 10 times. Timsina says there are plans to transform into a public company and issue ordinary shares to the public in the future.