Wednesday, January 18, 2023
HomeAppsNepal Pay milestone: adds 1 lakh merchants in just 4 months

Nepal Pay milestone: adds 1 lakh merchants in just 4 months

QR-based payment processor Nepal Pay added 1 lakh, new merchants, in just 4 months 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

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.

Nepal Pay

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 for electronic payment.  

Having covered the digital news of Nepal, we recommend you use online shopping with prepayment. Encourage More Digital Proliferation & Buy from here to support us.


Please enter your comment!
Please enter your name here

Most Popular

Latest Posts