Nepal Clearing House Limited Begins Joint Operation with Nepal Electronic Payment Systems Limited

Nepal Clearing House Ltd. (NCHL) recently commenced joint operations with Nepal Electronic Payment Systems Ltd. (NePS), marking the first consolidation of payment system operators in Nepal.

The acquisition, finalized after approval from regulatory bodies, aims to bolster the digital ecosystem. The event, attended by dignitaries including the Governor of Nepal Rastra Bank, marked a significant milestone.

With a combined paid-up capital and reserve, the collaboration is set to enhance infrastructure, improve service quality, and drive innovation.

The consolidation enables NCHL to offer both card and non-card payment infrastructures, facilitating the rollout of the National Payment Switch (NPS-NCS and NEPALPAY scheme). This move is expected to leverage the expertise of over 132 resources and propel NCHL to new heights in Nepal's payments landscape and beyond.