NEPALPAY QR now available on Mobile Banking of all commercial banks

NEPALPAY QR is now available for scan and pay from mobile banking apps of all the commercial banks. Customers can now use mobile banking of any commercial banks to scan NEPALPAY QR for merchant payments. Most of the development bank, finance companies, wallets and connectIPS mobile app are also available for such scan & pay of QR at merchant point for making the instant payments. In order to know if your mobile banking and wallet are enabled with NEPALPAY QR, go to QR Scan option and ensure that NEPALPAY logo is visible.

This is one of the major milestones in establishing NepalQR interoperability through issuing instruments, which is expected to support growth in QR payments. NEPALPAY QR is the implementing infrastructure of NepalQR standard as part of the National Payment Switch (NPS) that operates as independent QR scheme and also facilitates interoperability of QR at issuing, merchant and network level. BFIs & PSPs have started issuing aggregated QR for interoperability at merchant level and most recently network level interoperability has also been established between NEPALPAY QR and SMART QR. BFIs and PSPs have already enrolled close to 4 lakh merchants in NEPALPAY QR network.

The merchants and businesses can contact their respective banks & financial institutions for enrollment for NEPALPAY QR and to start receiving QR payments from their customers. Such enrollment could be in a form of physical QR standee or integrated with billing system as dynamic QR or enabled in android POS or integrated QR based payment gateway in e-commerce portal. Most recently voice based QR notification has also gone live with some of the BFIs.