2nd June 2025, Kathmandu
Manjushree Finance Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Manjushree Finance NEPALPAY Card Scheme
The agreement was signed and exchanged between Mr. Padam Thakulla, Deputy Chief Executive Officer of Manjushree 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, Manjushree 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. Manjushree Finance, as one of the leading finance companies, is providing its modern banking and financial services through 27 branches, 1 extension counter, and 1 ATM Terminal.
About Manjushree Finance
Manjushree Finance Limited is a Class ‘C’ financial institution licensed by Nepal Rastra Bank. It started operations in October 2007. The company’s head office is in Naya Baneshwor, Kathmandu. Manjushree Finance aims to become a leading financial institution in Nepal. It focuses on providing quality and innovative financial services. The company values teamwork, good governance, and social responsibility.
Manjushree Finance offers various products. These include savings accounts such as Talab Bachat, Naulo Remit Saving, and Nari Saving for women. It also provides fixed deposits with competitive interest rates. The loan options cover home loans, education loans, auto loans, and business loans.
The company supports digital banking through services like mobile banking, ConnectIPS for real-time payments, and a secure debit card system. It has 28 branches across Nepal. The paid-up capital stands at NPR 1.35 billion. For more details, customers can visit their official website or contact their support team.