Standard Chartered Bank Nepal Limited Also Joins NPS-NCS & NEPALPAY Card

BFIS News
2025 Nov 04 21:34

Standard Chartered Bank Nepal Limited Also Joins NPS-NCS & NEPALPAY Card

4 November 2025, Kathmandu - Standard Chartered Bank Nepal Limited and Nepal Clearing House Limited (NCHL) has entered into an agreement for principal membership of NPS-National Card Switch (NCS) & National/Domestic Card Scheme (NEPALPAY Card). The agreement was signed and exchanged between Mr. Gorakh Rana, Chief Executive Officer and Head of Coverage, Nepal of Standard Chartered Bank Nepal Ltd. and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL on 3rd November 2025.

NCHL is now at the final stage of rolling out NPS-NCS and NEPALPAY card and is currently supporting BFIs in their readiness and integration of their switch for issuing and acquiring of NEPALPAY Card. 30 BFIs have already been on-boarded within NPS-NCS and NEPALPAY. Post commercial rollout, Standard Chartered Bank Nepal Ltd. will be able to acquire and issue the card for its clients.

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 a domestic card scheme.

NCHL has been providing multiple national payment systems for its members 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 to the next level. Standard Chartered Bank Nepal Ltd., as one of the leading commercial banks is providing digital banking and financial services through 14 branches along with 4 extension counters and 25 ATM terminals.