Standard Chartered Bank Nepal Introduces ‘Scan and Pay’ Feature to Access Over 2 Lakhs NEPALPAY Merchants

Standard Chartered Bank Nepal has introduced a “Scan and Pay” feature that allows its customers to scan and pay merchant QR codes to make contactless payments at over 200,000 merchant locations under the NEPALPAY network. NEPALPAY QR has been implemented by Nepal Clearing House Limited(NCHL) as part of the National Payment Switch which complies with the NepalQR standards published by Nepal Rastra…

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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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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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Everest Bank Joins Smart QR Network, Everest Bank’s customers can now scan Smart QR from your mobile banking app

NRB licensed payment system operator Smart Choice Technologies and Everest bank have entered into the agreement to operate QR payments through Smart QR. Both companies entered into this collaboration where Narayan Prakash Bhuju, CEO of Smart Choice Technologies and Bijay Kumar Sharma, Deputy CEO of Everest Bank signed the agreement paper. With this collaboration, the…

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