13th Episode of the Entrepreneur Podcast
"Art speaks where words are unable to explain"
Featuring Tshewang Tenzin, the founder of Art United.
#Meettheentrepreneur
Supported By: Department of Media, Creative Industry & Intellectual Property
Organized By: Ministry of Industry, Commerce and Employment, Royal Government of Bhutan & Startup Centre, Thimphu
Powered By: ๐๐ข๐ค๐๐ฌ๐ก ๐๐๐ฌ๐ฒ ๐๐ก๐จ๐ฉ๐ฉ๐ข๐ง๐ : ๐ค๐ฃ๐ ๐จ๐ฉ๐ค๐ฅ ๐จ๐ก๐๐๐ฅ ๐จ๐ค๐ก๐ช๐ฉ๐๐ค๐ฃ๐จ
Order Chocolate Mint Tea
From EB Market (Entrepreneur Bhutan's Market)
Location : Chubachu, Thimphu Thromde
Call us: 17715847 / 77860248
E-Market
@top fans
A group of women from Subrang is working on Cardamom, where they are highly regarded and deeply appreciated by the local community for their dedication, hard work, and positive contributions.
Their efforts have not only brought significant improvements to the area but have also fostered strong relationships with the residents, earning them widespread respect and admiration.
#EntrepreneurStory
Supported By: Bhutan Association of Women Entrepreneurs
About Us:
Entrepreneur Bhutan is a multimedia platform dedicated to fostering entrepreneurship, innovation, and economic growth in Bhutan.
Vision and Mission
The platform aims to build a vibrant entrepreneurial ecosystem in Bhutan by creating a supportive network of entrepreneurs, policymakers, investors, and consumers.
Entrepreneur Bhutan's mission is to spotlight local businesses, share inspiring success stories, and provide the resources needed for entrepreneurial growth, all while contributing to Bhutan's economic diversification
#aboutus @top fans
๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ฅ๐ฅ๐๐ญ๐ฌ ๐๐๐ข๐ง ๐๐จ๐ฆ๐๐ง๐ญ๐ฎ๐ฆ
Over the past five years, the transaction volume for digital wallets in Bhutan has been on a steady rise. In the third quarter of 2021, 667.35 thousand wallet transactions were recorded. This figure more than doubled in Q3 2022, reaching 1,668.23 thousand transactions.
By Q3 2023, the number of transactions had climbed to 2,507.73 thousand, but in Q3 2024, the volume dropped to 2,272.24 thousand, representing a decline of 9.39 percent compared to the same quarter the previous year.
Similarly, the transaction value has seen remarkable growth over the years but also faced a dip in Q3 2024. In Q3 2021, the total value of wallet transactions stood at Nu. 243.22 million. This rose significantly to Nu. 497.68 million in Q3 2022. By Q3 2023, the value reached Nu. 648.50 million. However, in Q3 2024, the value declined to Nu. 500.27 million, marking a 22.88 percent drop compared to the same quarter in 2023.
Among the four major e-wallets in the country, goBoB maintained its stronghold in the market, accounting for a dominant 79.37 percent of the total transaction volume. eTeeru secured the second position with 13.96 percent, followed by Bngul at 6.21 percent. Meanwhile, MyPay held the smallest share, contributing just 0.46 percent to the overall transaction volume.
In terms of transaction value, goBoB also led the market with a commanding 49.16 percent share. eTeeru followed with 27.84 percent, while Bngul accounted for 23.00 percent. Once again, MyPay held the smallest share, at 0.46 percent of the total value.
@top fans
12th Episode of the Entrepreneur Podcast
Featuring Bikash Waling Rai, the founder of ๐๐ข๐ค๐๐ฌ๐ก ๐๐๐ฌ๐ฒ ๐๐ก๐จ๐ฉ๐ฉ๐ข๐ง๐ : ๐ค๐ฃ๐ ๐จ๐ฉ๐ค๐ฅ ๐จ๐ก๐๐๐ฅ ๐จ๐ค๐ก๐ช๐ฉ๐๐ค๐ฃ๐จ
#Meettheentrepreneur
Supported By: Department of Media, Creative Industry & Intellectual Property
Organized By: Ministry of Industry, Commerce and Employment, Royal Government of Bhutan & Startup Centre, Thimphu
Powered By: ๐๐ข๐ค๐๐ฌ๐ก ๐๐๐ฌ๐ฒ ๐๐ก๐จ๐ฉ๐ฉ๐ข๐ง๐ : ๐ค๐ฃ๐ ๐จ๐ฉ๐ค๐ฅ ๐จ๐ก๐๐๐ฅ ๐จ๐ค๐ก๐ช๐ฉ๐๐ค๐ฃ๐จ
#NewsUpdate #Bhutan recorded 32.88 million QR code transactions, totaling Nu. 29.40 billion.
Bhutan is witnessing a remarkable surge in the utilization of QR codes for cashless payments, signaling a transformative shift in the nationโs financial landscape.
Over the past few years, the adoption of QR codes has grown significantly, with consumers embracing the convenience and efficiency of cashless transactions. Letโs take a closer look at the numbers.
In Q3 of 2021, Bhutan recorded 10.64 million QR code transactions, totaling Nu. 9.99 billion. Fast forward to Q3 of 2022, and these figures nearly doubled, reaching 21.07 million transactions valued at Nu. 18.64 billion.
The momentum continued through 2023 and 2024. By Q3 of last year, the transaction volume had risen to 26.97 million, worth Nu. 23.61 billion. In Q3 2024, this figure soared even higher to an impressive 32.88 million transactions, valued at Nu. 29.40 billion. This marks a 21.91% increase in transaction volume and a 24.54% growth in value compared to the same period in 2023.
Thimphu Dzongkhag has been at the forefront of this digital transformation. In Q3 2024 alone, 6,983 new merchants registered for QR code payments, a substantial increase compared to Q3 2023. Paro and Wangduephodrang registered 204 and 158 new merchants, respectively.
With QR code technology driving economic modernization, Bhutan is on its way to embracing a digital future.
Stay tuned for more updates on The National Daily. Every 1PM news.
Entrepreneur Bhutan
Supported by: Bhutan InfoComm and Media Authority- BICMA
Mr. Sukbir the founder of Artyanttra, driven his passion for art, featuring modern landscape and traditional Bhutanese work.
#successstories
Supported By: Ministry of Industry, Commerce and Employment, Royal Government of Bhutan & Startup Centre, Thimphu
In 2018, the Royal government of Bhutan inaugurated its first startup center in Changzamtok, Thimphu under the Department of Employment and Entrepreneurship. Ministry of Industry, Commerce and Employment to promote entrepreneurship in the country. The center was constructed with the financial assistance from the government of India.
This Center offers affordable incubation spaces, provides business development services like mentoring and training for capacity building, new product launch event for the incubates. It also helps in facilitating access of enacts in the market, ensuring that promising ideas evolve into a successful business venture.
Today the startup center has 36 incubates. It can accommodate up to 50 entrepreneurs. These businesses specialize in diverse products with high growth potential including cultural souvenirs, bags, chocolate, artwork, herbal products, food items handle in the software application.
Not to make any compromises on the innovative idea of startup the government establish and edition of startup center and Damdung under Samtse Dzongkhag. Further, had renovated and remodeled the old service center at Changzamtok in the 12th five-year plan.
@top fans
Supported By: Bhutan InfoComm and Media Authority- BICMA
Big shout out to my newest top fans! ๐
Dechen Choden,
Chenga Dorji,
Ugyen Choden,
Reuben A. Rai,
Aashish Sonam Glay,
Tshering Wangchuk
11th Episode of Entrepreneur Podcast with the founder of Tara Noodles Product, Yangchen Dema.
"Many women doubt their ability to succeed, held back by fear and anxiety. Despite the challenges, never underestimate your potentialโmove forward boldly, for countless opportunities await." - Yangchen Dema.
Support by: Department of Media, Creative Industry & Intellectual Property
Organized By: Ministry of Industry, Commerce and Employment, Royal Government of Bhutan & Startup Centre, Thimphu
๐๐๐ง๐ค๐ฌ ๐๐ฉ๐ฉ๐ซ๐จ๐ฏ๐ ๐๐ฎ ๐๐๐.๐๐๐ ๐๐ง๐๐๐ซ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐ญ๐ข๐ฆ๐ฎ๐ฅ๐ฎ๐ฌ ๐๐๐ข๐ง๐ฏ๐ข๐ ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐
๐ฎ๐ง๐
Seven banks have approved Nu 236.03 million for 77 applicants under the fund. This initiative, through its two modalities, aims to ease financial pressure and revive businesses.
Under Modality-I, which provides a 4% annual interest subsidy on existing loans for up to three years, Nu 211.12 million was approved for 65 applicants. Meanwhile, under Modality-II, offering a similar interest subsidy on new loans, Nu 24.91 million was approved for 12 applicants. Borrowers must pay the difference between the subsidized and original rates and can opt for only one modality.
The Royal Monetary Authority oversees the fundโs allocation, with financial institutions reviewing borrowers annually.
Out of 225 applications received, Bhutan National Bank Limited approved the most, 44 applications worth Nu 74.33 million. Druk PNB Bank approved all 17 applications, totaling Nu 120.67 million. Other banks, including BoBL, BDBL, and RICBL, approved varying amounts, while T-Bank and BIL have yet to clear applications.
137 applications totaling Nu 296.09 million remain under assessment, with 21 applications rejected due to eligibility issues.
Ministry of Industry, Commerce and Employment, Royal Government of Bhutan & Startup Centre, Thimphu
