Laxmi Sunrise Bank NEPALPAY Card: Issue & Acceptance via NCHL in Nepal
16th May 2025, Kathmandu
Laxmi Sunrise Bank Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Laxmi Sunrise Bank NEPALPAY Card
The agreement was signed and exchanged between Mr. Dipesh Amatya, Chief – Retail Financial Services of Laxmi Sunrise 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, Laxmi Sunrise 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. Laxmi Sunrise Bank, as one of the leading commercial banks, is providing its modern banking and financial services through 254 branches, along with 27 extension counters and 329 ATM Terminals.
About Laxmi Sunrise
Laxmi Sunrise Bank Limited is a prominent commercial bank in Nepal, created through the merger of Laxmi Bank and Sunrise Bank. It officially started joint operations in July 2023 under the leadership of CEO Ajay Bikram Shah.
The bank strives to be Nepal’s most trusted financial institution by focusing on inclusive services, innovation, and customer satisfaction. It values integrity, eco-consciousness, adaptability, and strong teamwork.
Its subsidiaries include LS Capital Limited, which provides merchant banking, and Laxmi Laghubitta, which focuses on microfinance. The bank also expands access to finance in rural areas through branchless banking and offers secure digital services via the internet and mobile banking platforms.
For more: Laxmi Sunrise Bank NEPALPAY Card
