Guheswori NCHL NepalPay Card Agreement: Secure Digital Payment Solution Nepal
11th July 2025, Kathmandu
Guheswori Merchant Banking & Finance Limited and Nepal Clearing House Limited (NCHL) entered into an agreement for principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Guheswori NCHL NepalPay Card Agreement
The agreement was signed and exchanged between Mr. Toyaraj Adhikari, Chief Executive Officer of Guheswori Merchant Banking & Finance Limited 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, Guheswori Merchant Banking & Finance 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.
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. Guheswori Merchant Banking & Finance as one of the leading finance companies is providing its modern banking and financial services through 23 branches, 4 extension counters along with the ATM Terminal.
About Guheswori
Guheswori Merchant Banking & Finance Ltd. (GMFIL) is a leading C-Class financial institution in Nepal. Established on May 13, 2002, it has served the Nepali community for over 20 years. GMFIL operates 23 branches and 4 extension counters across the country, including major cities like Kathmandu, Pokhara, and Lalitpur.
The company offers digital convenience through its “Guheswori Smart” mobile banking app. Customers can easily perform banking transactions from their smartphones anytime, anywhere.
Moreover, GMFIL shows strong commitment to social responsibility. It has partnered with Apang Sewa Sangh for seven years, providing annual food support to differently-abled people in Bungmati, Lalitpur.
Recently, GMFIL announced plans to issue debentures worth Rs. 26 crore. These debentures will have an 8-year maturity and offer 9% annual interest, pending regulatory approval.
For more:- Guheswori NCHL NepalPay Card Agreement
