Thursday, June 22, 2023

E-sewa to allow cash withdrawal

Kathmandu, June 21

Users of the payment service provider e-sewa can now withdraw money from their e-sewa account through ATM machines. The company has launched the new service in collaboration with Everest Bank.

There is no need to use any kind of card while withdrawing the amount in e-sewa from the ATM. Users can easily withdraw cash from ATMs through OTP on their mobile phones. Previously, to withdraw the amount in e-sewa, the users had to transfer it to the bank account.

The company said that this service has been launched for the first time among wallet companies in Nepal.

Jagadish Khadka, Chief Executive Officer of e-sewa, said in a press conference held in Lalitpur on Wednesday to inform about the service, "We have always been giving priority to cashless economy and operating the same kind of services. But sometimes the amount in e-sewa is needed in cash, so we have started this service with the aim of making it convenient for the users."

Likewise, Bijaya Kumar Sharma, Deputy CEO of Everest Bank, said that they were excited to collaborate with Nepal's first and leading wallet company like e-sewa. "e-sewa users can easily withdraw money through any ATM machine of Everest Bank located all over the country," he informed.

Currently, about 7.5 million customers are using the service of e-sewa through Android and iOS mobiles. It has more than 200,000 agents across the country. 

Published in The Rising Nepal daily on 22 June 2023.

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