A credit card is a thin rectangular plastic card issued by various financial institutions that allow the cardholder to borrow funds and make payments for various goods and services. Cardholders can loan funds with a condition that after a certain time period, they repay the borrowed money with interest plus any other previously agreed upon charges. Credit card payments have been a popular mode of payment worldwide. In Nepal as well, the number of people using a credit card is gradually increasing. As of Mid-July 2019, 112,756 bank and financial institution account holders use credit cards.
As mentioned earlier, at the end of a period, credit cardholders are expected to pay back the borrowed funds along with interest and certain charges. For making the credit card bill payment procedure easier, different institutions have integrated eSewa as their payment partners like Everest Bank Limited, Global IME Bank, Kumari Bank, Laxmi Bank, Nabil Bank, etc.
