Excel Development Bank NCHL Partnership: NEPALPAY Card & Alipay+ Cross-Border QR Payments
18th June 2025, Kathmandu
Excel Development Bank Limited and Nepal Clearing House Limited (NCHL) entered into an agreement for principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card) and to enable cross-border QR Payment for Alipay+.
Excel Development Bank NCHL Partnership
The agreement was signed and exchanged between Dr. Indra Kumar Kattel, Chief Executive Officer of Excel Development Bank 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 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, Excel Development Bank 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.
With this NEPALPAY and interoperable QR can be scanned by the users of the members of Alipay+ network. The tourists travelling to Nepal from various countries including China, Hong Kong, Singapore, Malaysia, Indonesia, Philippines, Mongolia, Thailand, South Korea, Sweden, Italy, Austria and Germany can use its 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 has access to 90 million global merchants across 66 markets worldwide.
Alipay+ network supports the payment from an array of e-wallets including Alipay China, OCBC, Changipay, Gcash, AlipayHK, Hipay, KakaoPay, TossPay, NaverPay, Touch and Go Digital, PBB, TrueMoney, Mpay, Tinaba and Bluecode to provide a seamless cross border payment experience
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. Excel Development Bank as one of the leading development banks is providing its modern banking and financial services through 47 branches and with 3 ATM Terminals.
About Excel Development
Excel Development Bank Ltd. (EDBL) started in 2005 in Jhapa, Nepal. It aims to support economic growth by serving common people. The bank has over 37 branches across the country. EDBL is listed on NEPSE and has a market capitalization of around NPR 8.23 billion. Its leadership includes experienced professionals with strong backgrounds in banking and trade.
The bank focuses on loans for agriculture, trade, and small industries. It publishes annual reports to maintain transparency. EDBL operates during regular business hours and offers dedicated customer support for loans and accounts. It plays an important role in Nepal’s regional development.
For more:- Excel Development Bank NCHL Partnership
