NEPALPAY QR transactions in the months of Ashadh and Shrawan have crossed close to NPR. 1.5 Crore. The member banks & financial institutions and some of the wallets have started to acquire merchants for NEPALPAY QR and also enabled their instruments for customers to scan & pay. Most of the mobile banking apps provided by…
NEPALPAY Instant has recently been introduced by Nepal Clearing House Limited (NCHL) as a system for interoperable VPA-based transactions. Now transfer funds quickly through NEPALPAY Instant using just your mobile number. NEPALPAY Instant is a fantastic feature available in connectIPS, powered by the Retail Payment Switch under National Payment Switch (NPS) system. Know about VPA-based…
The wave of QR code payment has brought a revolution in the field of digital payments. During the pandemic of Covid-19, physical restrictions over travel, shopping and events somehow have been a catalyst for the emergence of contactless payments like QR to become prime payment mediums. Moreover, the usage of mobile phones for numerous purposes…
NMB Capital Ltd. (NMBCL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payments processes, including disbursements and collections, through NCHL’s payment systems. With this, NMB Capital has also become a part of National Payment Switch (NPS). National Payment Switch is the system under NCHL, developed for the interoperability and…
Gone are the days of having hassle to make payments to the government units and offices by the beneficiaries. The Government of Nepal is adopting digital payments in a wider range now, making both payout and revenue collection easier than before. Government of Nepal has taken an initiative to expand the implementation of digital payments…
Mega Bank Nepal Limited has successfully integrated NEPALPAY QR in the Mega Smart Banking app. Now the bank’s customers can scan and initiate NEPALPAY QR payments, available at various merchants and payment gateways. The Bank has also initiated acquiring its business customers as merchants for managing their receivables via NEPALPAY QR. Mega Bank is one…
CAN Infotech 2022 has already started today at Bhrikutimandap, Kathmandu. The 27th ICT exhibition organized by the Computer Association of Nepal (CAN) has kicked off today with the stalls of various companies, organizations, and businesses contributing to the ICT sector. This expo is happening till the 25th of April, 2022. This expo is featuring various…
Machhapuchhre Bank Limited (MBL) has successfully integrated NEPALPAY QR in its mobile banking app, MBL M-Smart, such that its customers can now scan and initiate QR payments available at various merchants and payment gateway. MBL has also initiated acquiring merchants for this. MBL is one of the first banks to join the National Payment…
The RuPay card, having more than 60% coverage in the Indian cards market in 2020, has finally launched in Nepal. PM Sher Bahadur Deuba and Indian PM Narendra Modi jointly launched RuPay Card in Nepal today (April 2, 2022), on Deuba’s three-day visit to India after being the Prime Minister of Nepal in July 2021….
NEPALPAY QR, as an implementing infrastructure of NepalQR, is now operational that went live recently with a few of the BFIs and PSPs. NCHL made an official announcement in this regard at a joint Press Meet organized today (11th of March, 2022). The event was organized in the presence of Ashoke SJB Rana, CEO of…
