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Nepal Pay QR milestone: Merchants grow to 3 lakh

QR-based payment processor Nepal Pay QR has increased its user base to 3 lakh merchants. The service has thanked banks and financial institutions (BF/Is) and payment service providers (PSP) before being half a year old since inception attesting to its rising popularity. The parent company Nepal Clearing House Limited (NCHL) shared its latest milestone recently.

The company says attaining such a large client base in a short span promotes its acceptance among the clients.

Nepal Pay is an interoperable Nepal-QR standard payment processor under the National Payment Switch project. It can also work on the merchant or network level to facilitate easier digital payment.

To acquire Nepal Pay payment service, merchants need to contact their payment service provider (PSP) or banks, or financial institutions.

Check out: Nepal Payment Solutions Is Live With One Link Payment Service

Nepal Pay QR merchants growing

Merchants can initiate the payment through a QR stands hardware or integrate a dynamic QR into their billing. In addition, it is also available for integration with online marketplace portals or Android POS.

So far, Nepal Pay service is available through Everest Bank, Kumari Bank, Laxmi Bank, Mega Bank, NMB Bank, etc.

At the moment, Nepal Pay QR is available through digital wallets, mobile banking apps, Connect IPS app, etc. for easy mobile payment.

Also read: SCT and Sulav Pay collaborate enabling Smart QR Payment

The mobile banking apps Mega Bank, NIC Asia Bank, Sunrise Bank, Kamana Bikas Bank, etc., digital wallets and Connect IPS provide Nepal Pay QR for electronic payment.  

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