ICFC Finance Partners with NCHL to Launch NEPALPAY Domestic Card Services
ICFC Finance has partnered with Nepal Clearing House Limited (NCHL) to become a principal member of the NEPALPAY domestic card scheme, enabling it to issue and acquire NEPALPAY Cards through its branches and ATMs, boosting Nepal’s digital payment ecosystem.
ICFC Finance Limited has officially joined forces with Nepal Clearing House Limited (NCHL) to become a principal member of Nepal’s National Card Switch and Domestic Card Scheme (NPS-NCS). This partnership allows ICFC Finance to issue and process NEPALPAY Cards, marking a significant step in the country’s domestic payment infrastructure. The agreement was signed by ICFC Finance CEO Mr. Sunil Pant and NCHL CEO Mr. Neelesh Man Singh Pradhan.
The NEPALPAY system aims to boost interoperability among banks and financial institutions, enabling seamless domestic card transactions across Nepal. By adopting this infrastructure, the banking sector hopes to reduce reliance on international card networks, encourage data localization, and foster innovation within the digital payments ecosystem.
ICFC Finance plans to roll out NEPALPAY Cards through its 21 branches and 18 ATMs, enhancing convenience for customers and contributing to the strengthening of Nepal’s national payment framework. This collaboration reflects a growing commitment within the financial industry to develop homegrown solutions that support the country’s digital economy ambitions.