Everest Bank and NCHL signed agreement to enable cross border NEPALPAY QR payments from Alipay+

Kathmandu, 11th November. Everest Bank Limited and NCHL signed an agreement to subscribe the NCHL’s ‘Cross-border National Payments Interface (NPIx)’ to enable cross border P2M Merchant by the users of member issuing devices under Alipay+ network to scan the NEPALPAY merchant QRs enrolled by the bank in Nepal. The agreement was signed by Mr. Sudesh Khaling, Chief Executive Officer of Everest Bank and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL.

Earlier, NCHL has entered into agreement to enable cross border P2M QR payments with Ant International as International Payment Partner (IPP) such that customers using issuing app of IPP within its Alipay+ network shall be able to initiate QR payment in Nepal through NEPALPAY QR and/or its interoperable QR. Subsequent to this, Everest Bank has entered into the agreement to enable such cross border P2M QR payments. With the implementation of cross border payments under this agreement, the tourists travelling to Nepal from various territories including China, Hong Kong, Singapore, Malaysia, Indonesia, Philippines, Mongolia, Thailand, South Korea, Sweden and Italy can scan NEPALPAY merchants QRs available across the country.

Catering to more than 14 lacs customers, Everest Bank Limited (EBL) is one of the leading commercial banks in Nepal. The bank has now total of 129 branches, 3 extension counters, 32 revenue collection counters, 7 provincial offices, and 167 ATM’s. Everest Bank has enrolled more than 23,000 merchants in NEPALPAY QR.

Alipay+ is a network aggregator with over 30 issuing instruments aggregated, more than 300 acquiring networks and service providers, and has access to 90 million global merchants across 66 markets worldwide.  Alipay+ network supports the payment from an array of e-wallets including Alipay China, OCBC, Changipay, Gcash, AlipayHK, Hipay, KakaoPay, TossPay, NaverPay, TnGD, PBB, TrueMoney, Mpay, Tinaba to provide a seamless cross border payment experience.

NEPALPAY QR is the implementing infrastructure of NepalQR standard as part of the National Payment Switch (NPS) that operates as independent QR scheme and also facilitates interoperability of QR at issuing, merchant and network level. For more details, visit www.nchl.com.np and/or   www.everestbankltd.com 

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