Mega Bank enables NEPALPAY QR; Bank’s mobile banking customers to enjoy QR based payment at all NEPALPAY merchants

Mega Bank Nepal Limited has successfully integrated NEPALPAY QR in Mega Smart Banking app, Now the Bank’s customer can scan and initiate NEPALPAY QR payments, available at various merchants and payment gateway. The Bank has also initiated acquiring its business customers as merchants for managing their receivables via NEPALPAY QR.

Mega Bank is one of the first banks to join National Payment Switch and to enable NEPALPAY QR. The business customers of Mega Bank will also eventually be able to be enrolled as merchants to manage their receivables from their customers and also all the customer of Mega Bank can pay to the merchants by scanning NEPALPAY QR using Mega Smart Banking App.

NEPALPAY QR has been implemented and operated by NCHL as an implementing infrastructure of NepalQR standard issued by Nepal Rastra Bank as part of the National Payment Switch. The infrastructure allows to deploy independent QR scheme and facilitates interoperability of QR at merchant and network level. Apart from Mega Bank, NEPALPAY QR scan for making payments is available in the mobile banking apps of Himalayan Bank, Machhapuchchhre Bank, Sanima Bank, Samriddhi Finance as well with other BFIs in process of initiating the scan and pay service.

The enablement of QR in the mobile banking app of Mega Bank is expected to further increase the digital transactions at retail level, which has always been the major focus for the bank. Mega Bank has been serving its customer from its 207 branches, 25 extension counters, 60 branchless banking points and 140 ATM spread across the country.