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An agreement has been signed between ICFC Finance and NCHL for Principal Membership of Domestic Card Scheme (Nepal Pay Card). The agreement was signed by Finance Chief Executive Officer Sunil Pant and NCHL Chief Executive Officer Nileshman Singh Pradhan.
NCHL has recently announced that the preparation of infrastructure for NPS-NCS has been completed and will provide banks and financial institutions with Nepal's own domestic card scheme Nepal Pay is asking to integrate its switch for card issuing and acquiring.
Banks and Financial Institutions NPS-NCS And are joining Nepal Pay Card . After the commercial rollout of the 'Nepal Pay' infrastructure, ICFC Finance will be able to issue and acquire the card for customers.
NPS-NCS is being established as a central card switch for routing and settlement of domestic card transactions, maintaining interconnection between various card switches . After the full implementation of the system, it is expected to reduce the cost of domestic card transactions, ensure data localization and develop and promote the latest tools in the digital ecosystem.
NCHL has been serving more than 54 banks and financial institutions, most PSOs and PSPs, and more than 100 non-banking members by operating various national payment systems .
