Cross-Border Digital Payments Between India and Nepal Through UPI and NPI to Soon be a Reality

NPCI International Payments Limited (NIPL)and Nepal Clearing House Limited (NCHL) joined hands to facilitate cross-border digital payments between India and Nepal by integrating Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal. The MoU was exchanged between NIPL, represented by Mr. Ritesh Shukla, CEO and NCHL, represented by Mr. Neelesh Man…

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Fonepay and LankaPay Partner to Enable Digital Cross-Border Payments

Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to collaborate on developing an interoperable digital payment system that will enable seamless and affordable cross-border payments. The partnership aims to bridge the gap between the two countries’ payment ecosystems by revolutionizing the digital payment…

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Fonepay Partners with NMB Capital for IPO Advisory Service

Fonepay Payment Service Limited (Fonepay), Nepal’s leading digital payments company, today announced an agreement with NMB Capital Limited, a prominent Nepali investment bank, to provide advisory services for Fonepay’s initial public offering (IPO) and listing on the Nepal Stock Exchange. The partnership marks a pivotal moment for Fonepay as it takes concrete steps toward achieving its long-held goal of becoming…

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Joining Hands for a Digital Nepal: NRB’s Digital Payment Promotion Walkathon 2023 Sparks the Payment Industry!

Nepal Rastra Bank (NRB) successfully hosted the “Digital Payment Promotion Walkathon, 2023” in partnership with key stakeholders from the banking and payment industry. The event highlighted the growing momentum behind digital payments in Nepal and showcased the positive impact of digital payments on the Nepalese economy and society. The walkathon proved to be an excellent platform for industry peers…

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Standard Chartered Bank Customers can Now Link their Bank Account to connectIPS with just a Few Clicks

Standard Chartered Bank customers can now easily verify their accounts in connectIPS through the bank’s Online Banking or SC Mobile App. This will allow customers to access a wide range of services available via connectIPS. This move is part of the bank’s ongoing efforts to provide its customers with the latest banking technology and services….

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NIC Asia Bank Launches it’s Own Electronic Fund Transfer (EFT) Payment Switch

In today’s world, digital banking has become a necessity for people worldwide. With the advent of technology, the traditional ways of banking are rapidly being replaced by online banking. As a result, financial institutions are continuously looking for ways to improve their services, making them more accessible and secure for their customers. In this regard,…

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Scan & Pay with NEPALPAY QR

NEPALPAY QR Crosses 2 Lakhs Merchants

Merchant acquiring under NEPALPAY QR network by the banks & financial institutions and payment service providers has crossed over Two Lakh merchants. This is a key milestone in further supporting the adoption of QR payments in Nepal to strengthen digital payment ecosystem. NEPALPAY QR is the implementing infrastructure of NepalQR standard issued by Nepal Rastra…

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India Links UPI with Singapore’s PayNow, Will Enable Real-Time Cross-Border Transactions

India and Singapore have enabled real-time cross-border transactions between the two countries. On Tuesday, India linked its Unified Payments Interface (UPI) system with Singapore’s PayNow system. This collaboration is the first of its kind between two nations and will allow users in both India and Singapore to make instant money transfers across borders. The interoperability…

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