Nepal Investment Mega Bank also joins NPS-NCS & NEPALPAY Card

Kathmandu, Nepal Investment Mega Bank Limited (NIMB) and Nepal Clearing House Limited (NCHL) entered into an agreement for principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card). The agreement was signed and exchanged between Mr. Jyoti Prakash Pandey, Chief Executive Officer of NIMB and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL.

NCHL has already  announced the readiness of infrastructure for NPS-NCS and requested BFIs to initiate integrating their switch for issuing and acquiring of the Nepal’s own domestic card scheme NEPALPAY Card, corresponding to which BFIs are getting onboarded within NPS-NCS and NEPALPAY. Post commercial rollout of NEPALPAY infrastructure, NIMB will be able to issue and acquire such card for its customers.   

NPS-NCS is being established as a central payment infrastructure for routing and settlement of domestic card transactions to ensure interoperability in routing and settlement of domestic card transactions, reduce the cost and dependency on international card schemes, implement data localization for domestic transactions and support innovation in digital ecosystem with domestic card scheme.

NCHL has been providing multiple national payment systems for its member including 54+ BFIs, majority of the PSOs & PSPs and 100+ indirect & technical members. The implementation of NPS-NCS and NEPALPAY is expected to drive Nepal’s card ecosystem in next level. As one of Nepal’s leading commercial banks, NIMB operates its own card switch infrastructure. It also provides switching and processing services to 3 commercial banks, 5 development banks, and 1 finance company. Upon integration of NIMB switch with the NPS-NCS, these associated member banks will also be technically ready to issue and acquire NEPALPAY card as the same NIMB switch is used by the member banks. NIMB’s extensive network includes 275 branches, 65 extension counters, and 265 ATMs across the country.

प्रतिक्रिया दिनुहोस्

सम्बन्धित समाचार

तीन कम्पनीको सेयर मूल्य समायोजन

विद्युत खपत बढाउन प्राधिकरणले सुरु गर्यो अभियान

भ्याल्यू स्टक भनेको के हो, कसरी छान्ने यस्ता सेयर ?

बिल एकम्यानको रणनीति : सस्तो सेयर किनेर व्यवस्थापन आफ्नै हातमा लिने

७० औं अन्तर्राष्ट्रिय भन्सार दिबसमा के एल दुगड समुहका श्याम सुन्दर कनोडिया सम्मानित

राजश्व राष्ट्रको रगत पसिना भएकोले बगेर गएको टुलुटुलु हेरेर बस्न सकिदैन : अर्थमन्त्री शर्मा