Cross-Border QR Payments in Nepal: Everest Bank and NCHL Launch NEPALPAY QR for Alipay+ Users

Cross-Border QR Payments Nepal
Share It On:

10th November 2024, Kathmandu

Everest Bank Limited and NCHL agreed to enable cross-border QR payment in Nepal for Alipay+. The agreement was signed by Mr. Sudesh Khaling, Chief Executive Officer of Everest Bank, and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL.

Cross-Border QR Payments in Nepal

With this NEPALPAY and interoperable QR can be scanned by the users of the members of the Alipay+ network. Tourists traveling to Nepal from various countries including China, Hong Kong, Singapore, Malaysia, Indonesia, Philippines, Mongolia, Thailand, South Korea, Sweden, and Italy can use their domestic mobile payment or wallet to scan NEPALPAY QR including interoperable QR available across the country.

Alipay+ is a network aggregator with over 30 issuing instruments aggregated, more than 300 acquiring networks and service providers, and access to 90 million global merchants across 66 markets worldwide.

Alipay+ network supports payment from an array of e-wallets including Alipay China, OCBC, Changipay, Gcash, AlipayHK, Hipay, KakaoPay, TossPay, NaverPay, TnGD, PBB, TrueMoney, Mpay, Tinaba to provide a seamless cross border payment experience.

NCHL has made the necessary network-to-work arrangement with Alipay+ as its international payment partner to enable cross-border QR payments, after which Everest Bank has agreed with NCHL. NEPALPAY QR is the implementing infrastructure of NepalQR standard as part of the National Payment Switch (NPS) that operates as a QR scheme and also facilitates interoperability of QR at issuing merchant, and network levels. It currently has over 850,000 QR merchants within its network including interoperable QRs.

Catering to more than 14 lacs customers, Everest Bank Limited (EBL) is one of the leading commercial banks in Nepal. The bank has now a total of 39,167 delivery channels with a network of 10,098 domestic branches, 2 International branches, 13,350 ATMs, and 15,719 business correspondents. Everest Bank has enrolled more than 23,000 merchants in NEPALPAY QR.

For more: Cross-Border QR Payments in Nepal


Share It On:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

WordCamp Nepal 2025: Contribute To The WordPress Community in Nepal

WordCamp Nepal 2025: Contribute To The WordPress Community in Nepal

Share It On:13th November 2024, Kathmandu WordPress Nepal has officially announced that WordCamp Nepal 2025 will take place in March

FNCCI President Advocates For Favorable Investment Climate in Nepal

FNCCI President Advocates For Favorable Investment Climate in Nepal

Share It On:13th November 2024, Kathmandu President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad

Nepal Telecom Breaks Silence on Babarmahal Protest, Issues Statement

Nepal Telecom Breaks Silence on Babarmahal Protest, Issues Statement

Share It On:12th November 2024, Kathmandu Since November 12, 2024, protests have taken place outside the premises of Nepal Telecom’s

Nepal Rastra Bank’s Microfinance Regulations:  Boosting Financial Inclusion for the Impoverished

Nepal Rastra Bank’s Microfinance Regulations: Boosting Financial Inclusion for the

Share It On:12th November 2024, Kathmandu Nepal’s Central Bank, Nepal Rastra Bank (NRB), has issued a new directive aimed at

Kamana Sewa’s 18th Anniversary Completed: Celebrating with Financial Literacy and Blood Donation

Kamana Sewa’s 18th Anniversary Completed: Celebrating with Financial Literacy and

Share It On:12th November 2024, Kathmandu In celebration of its 18th anniversary, Kamana Sewa Bikas Bank organized a Financial Literacy

NIC Asia Bank PAN Update: Simplify Tax Filing in Nepal

NIC Asia Bank PAN Update: Simplify Tax Filing in Nepal

Share It On:12th November 2024, Kathmandu To ensure a smooth tax filing process, NIC Asia Bank urges all customers to