30th October 2024, Kathmandu
Nepal Clearing House Limited (NCHL) and Smart Choice Technologies (SCT) have agreed to integrate infrastructure for the issuance and acquisition of Nepal’s domestic card scheme, “NepalPay.”
NCHL Partners SCT
NCHL’s CEO, Nilesh Man Singh Pradhan, and SCT’s CEO, Manoj Ghimire, signed the agreement to facilitate a seamless card payment ecosystem in Nepal.
Under the guidance of Nepal Rastra Bank, NCHL is advancing its National Payment Switch (NPS) initiative.
This partnership aligns with the project’s second phase, focusing on introducing and implementing Nepal’s first domestic card system, NepalPay, with the technical support of the National Card Switch.
SCT is committed to upgrading its infrastructure to meet the requirements of NepalPay’s issuance and acquisition, thus supporting NPS’s network. Once operational, NepalPay’s routing, switching, and settlement will be conducted through NCHL’s National Payment Switch, creating a robust digital payment ecosystem across Nepal.
This initiative will streamline the digital payment landscape, increasing acceptance and usage of the NepalPay card nationwide.
For more: NCHL Partners SCT
