आईसीटी समाचार
Once in Nepal, if someone needed to send or receive money in a bank account, then he or she had to stand in line for hours at the bank. However, the situation has changed now. We can send, receive, and pay for various services to the people we want from our mobile phones in a matter of seconds. Not only that, but you can get a loan from your phone if you need a small loan.
The situation has changed since a decade ago; our lifestyle has become not only more comfortable, but technology has also assisted in increasing production and income. F1Soft is a pioneering company in Nepal that uses technology to make financial services more accessible. This company deserves credit for combining traditional business with modern technology.
F1Soft celebrated its 18th anniversary today (6 th of March, 2022), having been founded on March 6, 2004. F1Soft was founded by Biswas Dhakal to develop websites and provide hosting services. Asgar Ali and Subash Sharma, two other youths of the same age, joined his scheme. Apart from these three, F1Soft is backed by the leadership of Subash Sapkota, the Kantipur Group, and 13 subsidiaries.
Currently, over 1,200 people are working directly to make Nepal the world's largest software and Fintech Company. F1Soft's founder, Subash Sharma, stated that the company was looking for new opportunities in the field of fintech because website development and hosting were not profitable. In 2007, the company created an SMS banking service for the bank. Laxmi Bank was the first to use the SMS banking service. After Lakshmi Bank, the majority of the country's banks began using SMS banking.
F1Soft, which was supposed to work in the Fintech field, went above and beyond. Following that, the company created Internet Banking and Digital Wallet Services. Esewa, which was founded in 2009, is Nepal's and South Asia's first digital wallet.
Along the way, there are now more than a half-dozen payment service providers. Esewa has provided payment services to millions of Nepalis.
Esewa has served as a business hub for more than 5 million people. F1Soft is similar to a company that is working in Nepal's fintech sector for the first time.
F1Soft has made a significant and noteworthy contribution to Nepal's digital payments leadership. "It would have been difficult for us to get to this stage of digital banking if it wasn't for F1Soft," says Suresh Karna, the then-IT chief of Bank Kumari, which pioneered internet banking in Nepal. The company, which entered the fintech sector through SMS banking, has developed much-needed technologies for the financial sector, such as internet banking, mobile banking, Viber banking, and phone loans.
F1Soft's software is now used by the majority of Nepalese banks. In 90 percent of the financial sector, the company uses mobile and internet banking. F1Soft has firmly established itself as Nepal's leading fintech firm.
The F1Soft Group currently employs over 1,200 people and generates a revenue of billion rupees per year. The firm is most likely Nepal's highest-paid tax firm. F1Soft is digitizing not only the financial sector, but also the health, education, and insurance sectors.
F1Soft Group has more than a dozen subsidiaries that work together to create a digital ecosystem. F1Soft was not founded on a large scale or with a lot of glitz. However, the company, which began with a small amount of capital and a single room, is now playing an important role in digitizing various areas of Nepal. F1Soft is the fastest example of what you can achieve with good planning and hard work.
According to Subash Sharma, the company's CEO, they have succeeded in following a global trend. "We haven't had anything happen to us." We have only just begun. 'There are no picky customers here,' he claims. There is plenty of room for a variety of ideas here. 'We see possibilities here.'
F1Soft has grown into a major fintech company in Nepal after overcoming numerous challenges while working. The company has also played a significant role in boosting the productivity and income of small businesses by bringing them online.
They are also supporting the government's Digital Nepal campaign, he stated. Through Cogent Health Company, the company is working to make the health sector more technologically friendly. The Diyalo Company is working to make transportation more organized and convenient. Several of the company's subsidiaries and products are working to make government services more accessible to ordinary citizens. In many ways, the company has advanced in Nepal in terms of using the most up-to-date technology.
The company is undergoing timely reforms and modifications in digital banking. The company is currently working on providing Omni channel banking services.
For Nepal, a phone loan service is a novel technological experience. The company has developed a platform that allows you to apply for a loan over the phone. Not only in the financial sector, but also in the health, insurance, and transportation sectors, the company has provided excellent digital services in Nepal.
