Nepal SBI Bank & NCHL Partner: National Card Switch & NEPALPAY Integration
9th June 2025, Kathmandu
Nepal SBI Bank Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Nepal SBI Bank NCHL Partner
The agreement was signed and exchanged between Mr. Vikas Anand, Deputy Chief Executive Officer & Chief Operating Officer of Nepal SBI 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, Nepal SBI 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. Nepal SBI Bank, as one of the leading commercial banks, is providing its modern banking and financial services through 100 branches, 22 extension counters, and 125 ATM Terminals.
About SBI Bank
Nepal SBI Bank Limited (NSBL) started in July 1993 as Nepal’s first Indo-Nepal joint venture bank. It was established as a public company and licensed by the Nepal Rastra Bank. State Bank of India (SBI) holds a 55% stake, making it the major shareholder. The bank has expanded its services across 51 districts with 100 branches, 22 extension counters, 7 provincial offices, and 125 ATMs.
NSBL serves over 1.3 million depositors and 1 million cardholders. It offers modern digital banking through mobile banking, internet banking, and the YONO Nepal SBI app. The bank recorded over NPR 175 billion in deposits and NPR 135 billion in loans as of mid-July 2024.
NSBL focuses on transparency, ethics, and customer satisfaction. It blends local knowledge with global expertise from SBI’s network in 29 countries. The bank aims to lead Nepal’s banking sector with reliable and innovative financial solutions.
For more: Nepal SBI Bank NCHL Partner
