Garima Bikas Bank Joins NCHL NEPALPAY Card Scheme: Nepal’s Domestic Card Switch
3rd July 2025, Kathmandu
Garima Bikas Bank Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Garima Bikas NCHL NEPALPAY Card
The agreement was signed and exchanged between Mr. Madhav Prasad Upadhaya, Chief Executive Officer of Garima Bikas 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 NEPALPAY infrastructure, Garima Bikas 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 domestic card schemes.
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. Garima Bikas Bank, as one of the leading development banks, is providing its modern banking and financial services through 125 branches, along with 1 extension counter and 51 ATM Terminals.
About Garima Bikas
Garima Bikas Bank is a national development bank based in Lazimpat, Kathmandu. It started operations in 2007 in Waling, Syangja. Over time, it expanded by merging with Nilgiri Bikas Bank, Subekshya Bikas Bank, and Sahara Bikas Bank. Today, it serves customers across Nepal with 123 branches and 51 ATMs.
The bank aims to be Nepal’s leading development bank by providing easy access to banking. It offers various products such as savings accounts, fixed deposits, and diverse loans, including home, education, and SME loans.
Garima Bikas Bank also provides digital services through its mobile app, Garima Digital Batuwa. This app allows fund transfers, bill payments, and QR code transactions. The bank introduced an EMI facility, letting customers buy on credit and repay in monthly installments with zero interest.
With a strong network and customer focus, Garima Bikas Bank supports Nepal’s economic growth through quality financial services.
For more:- Garima Bikas NCHL NEPALPAY Card
