Rashtra Bank's determination that it is necessary to look for an alternative to the online payment method.

Nepal Rastra Bank has concluded that an volition to the system presently being used for payments through the Internet should be set up. The study conducted by the bank's payment system department has concluded that USSD technology should be promoted while changing the system anymore in operation.

Presently, the service providers operating the payment system are paying through three systems, IVR( Interactive Voice Response), SMS( Short Communication Service) and USSD( unshaped Supplementary Service Data). utmost of these deals have been done through the IVR system. Major payment providers similar as eSewa, Khalti, IME Pay and others have been using this technology. Some service providers are also furnishing SMS services for offline payments.

Nonetheless, the study of Rashtra Bank concluded that this system is fairly parlous and should be changed to USSD. presently, Namaste- Pay, a payment service provider, is furnishing USSD law * 500# payment service under this system. 

What's the USSD system? 

Sale system grounded on mobile network in USSD system. In the same way that data and voice packages are taken on a mobile phone, all the tasks similar as transferring plutocrat, checking the balance, etc. can be done using the given figures. 

The stylish part of this system is that it doesn't bear internet. Rastra Bank has stated that this service can be operated in all places with mobile network, so it can be considered more accessible.

Another thing is that you do not need an precious mobile phone. presently, Android or iOS performances of smart phones are needed to run the payment service provider's operations. In this system, plutocrat can be transacted from any phone( featured phone) that can shoot SMS.

It's mentioned in the report of the National Bank that it's safe from the point of view of cyber security as it doesn't bear internet. presently, Nepal is ranked 109th in the world grounded on the threat of cyber security. The conclusion of the study is that this system will help to ameliorate this situation. It has been mentioned that there are no other security pitfalls as the sale is defended by leg law.

Howbeit, for this, the support of the mobile service provider company is needed, according to Rashtra Bank. For this, the conclusion of the study is that Nepal Telecommunication Authority and Nepal Rastra Bank should play a part in preparing for policy and functional arrangements. Under this system, mobile service providers have their own plutocrat platform. Service providers give payment services using this platform. According to the National Bank, the payment made by the government for social security will be made easier through this system.

Still, since the operation of this system may bring a lot, it may make the payment bring more precious, raising public mindfulness among druggies may be grueling , according to the Rastra Bank.