Everest Bank Migrates Card Services to NCHL EFT Switch, Expands Digital Payment Network
Summary
Everest Bank Limited has migrated its entire card services to Nepal Clearing House Limited's EFT Card Switch, expanding digital payment options including NEPALPAY and international Discover card access.
Key Points
- Everest Bank Limited has migrated its entire card portfolio to the EFT Card Switch operated by Nepal Clearing House Limited (NCHL).
- All VISA card issuing, acquiring, and transaction processing of Everest Bank will now operate through NCHL's shared EFT switch infrastructure.
- The bank can now issue and acquire NEPALPAY Card, enhancing nationwide acceptance at ATMs, POS terminals, and digital merchant channels.
- The migration improves operational resilience, security, scalability, and cost efficiency while expanding access to international Discover card services.
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