Reliance Finance NCHL NEPALPAY Card: Nepal Domestic Payments
19th May 2025, Kathmandu
Reliance Finance Limited and Nepal Clearing House Limited (NCHL) agreed to principal membership of NPS-National Card Switch & Domestic Card Scheme (NEPALPAY Card).
Reliance Finance NCHL NEPALPAY Card
The agreement was signed and exchanged between Mr. Samaj Prakash Shrestha, Chief Executive Officer of Reliance Finance, 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, RelianReliance Finance partners with NCHL to issue NEPALPAY cards, enabling domestic payments in Nepal.ce 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. Reliance Finance, as one of the leading financial institutions, is providing modern banking and financial services through its 22 branches nationwide.
About Reliance Finance
Reliance Finance Ltd. is a “C” class financial institution licensed by Nepal Rastra Bank. It aims to provide simple and secure financial services to individuals and small businesses. The company operates from its head office in Kathmandu and has several branches across Nepal.
It offers various services like savings, fixed deposits, personal loans, business loans, and hire purchase financing. Reliance Finance also provides digital banking to make transactions easier and faster for its customers.
The institution focuses on customer satisfaction, financial inclusion, and innovative products. It supports local businesses and promotes economic growth in rural and urban areas. The team follows strong governance and risk management practices.
With clear goals and committed staff, Reliance Finance continues to expand its reach. It helps people access finance and build better futures. As a result, it has become a trusted name in Nepal’s financial sector.
For more: Reliance Finance NCHL NEPALPAY Card
