Nepal Payment Solution Ltd. (NPS) takes great pride in its prominent role within Nepal’s digital payment landscape. Our mission is to provide streamlined, secure, and efficient payment solutions. As a Payment Service Operator (PSO) licensed by the Central Bank of Nepal, we have consistently demonstrated our dedication to adhering to strict regulations, implementing robust security measures, and leveraging latest technology to provide top-quality services.
Nepal Payment Solution is an Automated Clearing House (ACH) licensed and regulated by the Payment Systems Department (PSD) of Nepal Rastra Bank (NRB) for domestic clearing and settlement. The Foreign Exchange Management Department of NRB further licenses and regulates Nepal Payment Solution for cross-border settlement (in-bound), subject to NRB approval for outbound. Nepal Payment created Payment Switch to provide high-end infrastructure and innovative payment solutions in Nepal, relieving businesses of security and connection concerns. In order to improve the transaction success rate, this system dynamically directs payment transactions between the acquirer, banks, and financial institutions as well as Payment Service Providers (PSPs).
Additionally, NPS provides an aggregated payment gateway that unites several payment providers into a unified user experience. This API-based system offers e-wallet, mobile, e-banking, and international and domestic card payments. It gives our network banks white-labeled service so they may give their clients a complete payment gateway.
As of right now, NPS has grown its membership to 90% BFIs and works with 20 Payment Service Providers (PSPs) in Nepal. Furthermore, through our partner institutions, our platform has grown to an amazing 200+ sub-members (merchants). These numbers highlight the faith and confidence the financial sector has in our ability to conduct smooth financial transactions.