You can now scan NEPALPAY QR from mobile banking apps of any commercial bank in Nepal and make payments instantly. Nepal Clearing House (NCHL), the parent company of NEPALPAY made this announcement today.
NEPALPAY QR is a simple and secure way to pay from your mobile phone. You just need to scan the QR code of the merchant, enter the amount and confirm the payment. The money will be deducted from your account and deposited to the merchant’s account instantly.
According to NCHL, NEPALPAY is available on Mobile Banking apps of all Commercial Banks of Nepal (Class ‘A’ Banks). The 20 commercial banks in Nepal are (arranged in oldest to newest order):
- Nepal Bank Limited
- Rastriya Banijya Bank
- Nabil Bank Limited
- Nepal Investment Mega Bank Limited
- Standard Chartered Bank Nepal Limited
- Himalayan Bank Limited
- Nepal SBI Bank Limited
- Everest Bank Limited
- NIC ASIA Bank Limited
- Machhapuchchhre Bank Limited
- Kumari Bank Limited
- Laxmi Sunrise Limited
- Siddhartha Bank Limited
- Agriculture Development Bank
- Global IME Bank Limited
- Citizens Bank International Limited
- Prime Commercial Bank Limited
- NMB Bank Limited
- Prabhu Bank Limited
- Sanima Bank Limited
You can also scan and pay with NEPALPAY QR from mobile banking apps of some development banks (Class ‘B’ Banks). They are:
- Shangrila Development Bank
- Muktinath Bikas Bank
- Garima Bikas Bank
- Kamana Sewa Bikash Bank
- Jyoti Bikas Bank
- Shine Resunga Development Bank
Similarly, NEPALPAY is also supported by mobile banking apps of some Finance Companies (Class ‘C’ Banks). They are:
- Goodwill Finance
- Samriddhi Finance Company
- ICFC Finance
In addition, you can scan NEPALPAY QR from nine digital wallets as well. They are:
- IME Pay
- Hamro Pay
- Prabhu Pay
- Sajilo Pay
Furthermore, connectIPS app has NEPALPAY QR by default.
You can use NEPALPAY QR to pay for various goods and services, such as groceries, food, haircuts, clothes and more. There are around 4 lakh merchants who accept NEPALPAY QR across the country and the number is growing.
QR payment is a convenient and cost-effective way to pay in Nepal. It eliminates the need for cash and cards, and saves time and hassle. People of all ages, from teenagers to adults and senior citizens, are using it for payments.
The availability of smartphones on almost everyone’s hands, free wifi, and cheap mobile data are some of the factors that are contributing to the growth of mobile payments in Nepal.
Mobile payment is one of the most convenient methods of payment. You can pay the exact amount you want, and not worry about change or return unlike in cash payment.