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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IME Pay joins National Payment Switch (NPS)

IME Digital Solution Ltd. (IME Pay) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for National Payment Switch to introduce various instruments and use cases of Retail Payment Switch including NEPALPAY QR, NEPALPAY Instant, NEPALPAY Request including tokenization and Biller Gateway. The agreement was signed by Mr. Praveen Regmi, CEO of IME Pay, and Mr….

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Nepal Rastra Bank

Digital Payment Systems in Nepal can now receive FDI; NRB enacts a new policy

Digital payment systems like Payment System Providers (PSPs) and Payment System Operators (PSOs) can now receive foreign direct investment (FDI) in Nepal. On Thursday, Nepal Rastra Bank issued a Licensing Policy for Digital Payment Systems through the Payment Systems Department. The document includes a set of rules and guidelines policies for the payment system companies…

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Nepal’s first Payment Service Provider’s Summit (PSP Summit) happening in 2023; Bharat Pe founder Ashneer Grover coming as a keynote speaker

Nepal’s first payment service provider’s summit is happening on January 10, 2023, where major industry experts, representatives from the PSPs, PSOs, and thought leaders will participate and share their experiences on a single forum. This is going to be for the first time in Nepal. Sayapatri, a financial technology company by Swivt Technologies, will host…

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