Machhapuchchhre Bank Partners with NCHL to Launch NEPALPAY Card Services
Summary
Machhapuchchhre Bank Limited has partnered with Nepal Clearing House Limited to launch NEPALPAY card transactions, enabling the bank to issue and accept various domestic and international cards via its EFT Card Switch.
Key Points
- Machhapuchchhre Bank has signed an agreement with Nepal Clearing House Limited (NCHL) to enable NEPALPAY card transactions through its EFT Card Switch.
- The partnership allows the bank to issue NEPALPAY cards and accept domestic and international cards including Discover and RuPay networks.
- Initially, the service will be available at the bank’s ATMs and POS terminals with plans for expansion.
- This initiative supports Nepal's growing digital payment ecosystem and the wider adoption of NEPALPAY by multiple financial institutions.
