9th June 2025, Kathmandu
Everest Bank Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Everest Bank NCHL NEPALPAY Card
The agreement was signed and exchanged between Mr. Sudesh Khaling, Chief Executive Officer of Everest Bank Ltd, and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL.
NCHL recently announced the readiness of infrastructure for NPS-NCS and requested BFIs to initiate integrating their switch for issuing and acquiring Nepal’s domestic card scheme NEPALPAY Card, corresponding to which BFIs are getting onboarded within NPS-NCS and NEPALPAY. Post commercial rollout of the NEPALPAY infrastructure, Everest Bank will be able to issue and acquire such a 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 the digital ecosystem with the domestic card scheme.
NCHL has been providing multiple national payment systems for its members, including 54+ BFIs, the 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. Everest Bank, as one of the leading commercial banks, is providing its modern banking and financial services through 132 branches, 32 Revenue Collection Counters, along with 4 extension counters and 167 ATM Terminals.
About Everest Bank
Everest Bank Limited, established in 1994, is a leading commercial bank in Nepal. It partners with Punjab National Bank (PNB) of India, which holds a 20% equity stake. This partnership also brings technical support to the bank. EBL serves over 1.4 million customers across the country.
The bank operates 131 branches, 167 ATMs, 32 revenue counters, and 4 extension counters. It provides seamless services through its ABBS system, allowing customers to transact from any branch.
EBL offers a secure mobile banking app with biometric login, QR payments, and various digital services. It has received multiple awards for excellence in MSME banking, data quality, and innovation.
Headquartered in Lazimpat, Kathmandu, Everest Bank focuses on financial growth, customer satisfaction, and digital transformation. With strong governance and a wide reach, it aims to promote inclusive banking across Nepal. EBL continues to expand and innovate to meet customer needs.
For more: Everest Bank NCHL NEPALPAY Card