Nepal's Retail Payment Switch Crosses Rs. 1.2 Trillion in Monthly Transactions, Hits Rs. 9.3 Trillion in FY 2025/26
Summary
Nepal’s Retail Payment Switch processed more than Rs. 1.2 trillion in transactions in Ashadh 2083 and Rs. 9.3 trillion in FY 2025/26, surpassing the annual value of cheque transactions for the first time. The milestone reflects the rapid expansion of interoperable digital payments across Nepal.
Key Points
- The Retail Payment Switch handled over Rs. 1.2 trillion in transactions in Ashadh 2083.
- It processed Rs. 9.3 trillion in real-time transactions during FY 2025/26, exceeding annual cheque transaction value for the first time.
- The system is operated by Nepal Clearing House Limited under the National Payment Switch and regulated by Nepal Rastra Bank.
- The RPS supports account transfers, QR payments, mobile banking, wallet payments, merchant payments, utility bills, Request-to-Pay, NFC-based payments, and RTGS-integrated settlements.
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