ICFC Finance NEPALPAY Card Agreement: NCHL Principal Membership for NPS-NCS Domestic Card Scheme
5th June 2025, Kathmandu
ICFC Finance Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
ICFC Finance NEPALPAY Card Agreement
The agreement was signed and exchanged between Mr. Sunil Pant, Chief Executive Officer of ICFC 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 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, ICFC Finance 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. ICFC Finance, as one of the leading finance companies, is providing its modern banking and financial services through 21 branches and 18 ATM Terminals.
About ICFC Finance
ICFC Finance Limited is a Class ‘C’ financial institution licensed by Nepal Rastra Bank. It started operations in 2003 under Nepal’s Company Act and the Bank and Financial Institutions Act. ICFC has been serving Nepal’s financial needs for over 20 years.
The company offers a variety of savings accounts. One popular option is the Remittance Saving Account, which has no minimum balance and provides a 5.50% interest rate. ICFC also provides different loan products tailored to customer needs.
Customers can enjoy digital banking through ICFC’s eBanking platform. This service allows 24/7 online account access, making banking convenient and secure. Other services include Demat accounts, debit cards, mobile banking, internet banking, and safe deposit lockers.
The head office is located in Kathmandu, and customers can reach out by phone or email. For more information, visit ICFC Finance’s official website.
For more: ICFC Finance NEPALPAY Card Agreement
