Machhapuchchhre Bank Partners with Tenpay Payment Technology to Enable Digital Payments for Chinese Tourists in Nepal
Summary
Machhapuchchhre Bank has partnered with Tenpay Payment Technology to enable Chinese tourists in Nepal to make digital payments using WeChat Pay in Chinese Yuan, with settlements in Nepali Rupees.
Key Points
- Machhapuchchhre Bank partnered with Tenpay Payment Technology, operator of WeChat Pay, to facilitate digital payments for Chinese tourists in Nepal.
- Chinese tourists can now pay in Chinese Yuan through WeChat Pay while Nepali merchants receive settlements in Nepali Rupees.
- The partnership supports Nepal's Digital Nepal Framework and Nepal Rastra Bank's strategic initiatives.
- This initiative aims to promote secure digital transactions in tourism, retail, and service sectors, contributing to financial digital inclusion and a cashless economy.
