13th May 2025, Kathmandu
Siddhartha Bank Limited has launched a new digital service to enhance online transactions. The bank introduced the Siddhartha Online Payment Gateway in collaboration with Nepal Clearing House Limited (NCHL).
Siddhartha Bank Online Payment Gateway
This card-based gateway supports Visa and Mastercard payments issued by both domestic and international banks.
Enabling Digital Payments for Merchants
With the new gateway, Siddhartha Bank account holders who run businesses can now accept online card payments. Merchants in various sectors—such as education, health, travel, hospitality, and NGOs—can now receive payments directly from customers in Nepal and abroad.
This move helps these businesses offer better convenience. It also removes the need for face-to-face transactions, making payments smoother and faster. Merchants no longer need to present a physical card for processing payments.
Secure and Seamless Transactions
The bank has assured that the gateway is safe, fast, and reliable. It uses advanced digital infrastructure to carry out transactions. This ensures that merchants and customers experience less friction while making or receiving payments.
Online payment systems often face issues related to speed and security. Siddhartha Bank claims that its new system solves these problems using modern tools. This makes it easier for both businesses and consumers to trust digital platforms.
Focused on E-Commerce Growth
E-commerce in Nepal is growing steadily. As more people shop and pay online, businesses need efficient tools to manage payments. Siddhartha Bank designed its payment gateway to help these businesses grow.
Schools can now collect fees online. Hospitals can accept bills via card payments. Travel agencies and hotels can offer booking and reservation services with card integration. NGOs can raise funds without geographical barriers.
All of this contributes to smoother workflows and less dependency on cash-based systems.
Modern Solution for Local Needs
The bank developed this gateway to solve real problems. Traditional card payments required physical presentation. This was time-consuming and sometimes risky. The new system replaces that with an entirely online solution.
Businesses can access their transactions through the platform easily. Customers can complete payments using any Visa or Mastercard from around the world.
This flexibility benefits both parties. It adds value to customer service and supports Nepal’s growing shift to digital payments.
Partnering with Nepal Clearing House Limitediddhartha Bank’s new online payment gateway lets Nepali businesses iddhartha Bank’s new online payment gateway lets Nepali businesses
Nepal Clearing House Limited played a vital role in this project. NCHL provides payment infrastructure across the country. It offers services like ConnectIPS and National Payment Switch.
Through this partnership, Siddhartha Bank could implement the technology faster. NCHL also ensured the gateway met regulatory and security standards.
This cooperation highlights the shared goal of modernizing Nepal’s financial services. Both institutions believe that strong infrastructure leads to sustainable digital adoption.
Boosting Merchant Business Potential
The primary goal of this service is not just making digital payments easier. Siddhartha Bank wants to empower its merchant customers. By offering a trusted payment solution, the bank helps these businesses reach new markets.
With the global nature of Visa and Mastercard, local businesses can now serve international clients. This improves their competitiveness and boosts their confidence in e-commerce.
The bank also plans to offer continued support to merchants who use the gateway. It will help them troubleshoot issues, track payments, and grow their operations digitally.
Part of a Broader Digital Push
This payment gateway is part of Siddhartha Bank’s larger strategy to promote digital banking. The bank has introduced several services in recent years, including mobile banking, QR code payments, and integrated platforms.
Each of these services reduces dependence on cash. They also align with the government’s goal of building a cashless economy.
With the launch of the Siddhartha Online Payment Gateway, the bank has taken another major step forward. It shows that technology and finance can work together to solve local challenges.
Encouraging Digital Adoption Across Sectors
Siddhartha Bank is encouraging schools, clinics, retailers, NGOs, and other organizations to try the new service. Its user-friendly system can help even small businesses digitize their payment process.
The bank believes that as more businesses adopt online payments, the overall economy will benefit. It reduces delays, ensures accountability, and supports transparency.
Looking Ahead
Siddhartha Bank remains committed to innovation. It plans to upgrade its systems regularly and respond to customer feedback. The bank sees technology as a bridge to economic growth and wants to lead that transformation.
With the launch of the Siddhartha Online Payment Gateway, businesses in Nepal now have a modern tool to compete in a global digital economy. It’s a step toward greater efficiency, security, and connectivity in financial transactions.
For more: Siddhartha Bank Online Payment Gateway