All details about "UPI NEPAL" | NEPAL Banks Partnership | Launch Date

[Abhishek012]

All details about "UPI NEPAL" | NEPAL Banks Partnership | Launch Date:

Note - "UPI NEPAL" is not only for Indian visitors in Nepal, "UPI Nepal" is also for the citizens of Nepal. Citizens of Nepal will use "UPI Nepal" in their daily life.

"UPI NEPAL" is Planning to launch by end of this year 2022.

"UPI NEPAL" is owned by Payment Nepal (Gateway Payment Service Pvt. Ltd, a Payment System Operator licensed by Nepal Rastra Bank).

NPCI International Payments Limited (NIPL), the International arm of National Payments Corporation of India has joined hands with Gateway Payments Service Pvt Ltd, authorized Payment System Operators in Nepal, and Manam Infotech Private Limited to deploy Unified Payments Interface(UPI) in Nepal.

UPI Nepal logo -

I guess Nepal will use this logo in Nepal -




Nepal Fintech companies partnership -

Payment Nepal/Gateway Payment Service Pvt. Ltd (Owner of "UPI Nepal") and Nepal's fintech companies, all Banks in Nepal, Nepal's local card scheme companies, Nepal QR etc has signed a MoU aiming to build interoperability between banks in Nepal, a boost to the future of "UPI Nepal" in the country.

Nepal bank partnership list -

1) Global IME Bank Limited
2) Nabil Bank
3) Machhapuchchhre Bank
4) Everest Bank Limited
5) Nepal SBI Bank
6) Sunrise Bank Limited
7) Kamana Sewa Bikas Bank

We will soon see more bank partnership in Nepal.

Nepal's fintech companies partnership list -

1) SmartChoice Technologies Limited-SCT for the interoperable QR payment between Smart QR and UPI NEPAL QR.
2) Nepal Electronic Payment Systems Ltd (NEPS) for the interoperability between banks in Nepal.

 

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