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The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) are in discussions to connect their respective fast payment systems to facilitate cross-border remittances between India and Nepal.
central bank, UPI, cross-border payments, remittances
Nepal Clearing House has partnered with real-time payments software ACI Worldwide to establish a central infrastructure for card payments in the Nepal market.
partnership, payments , payments infrastructure, banks, digital banking
Fonepay Payment Service and NPCI International Payments (NIPL) have launched a QR code-based payment solution between Nepal and India.
partnership, cross-border payments, UPI, digital payments, payment methods
The Nepal Rastra Bank has taken steps towards issuing its own digital currency following a study that has revealed the project’s feasibility.
digital currency, CBDC, central bank, crypto asset
Nepal central bank has given approval to Nepal Clearing House to operate the national payment switch.
product launch, payment gateway, QR payments, e-wallet, transactions
WeChat Pay, Nepal, China, Alipay, app, digital wallet
Representatives from Alipay and from the central bank of Nepal have met to discuss the launch of the China-based digital wallet in Nepal.
Alipay, central bank, Nepal, Nepal Rastra Bank, NRB, launch, China, digital wallet
Nepal Rastra Bank (NRB) has banned China-based digital wallets Alipay and WeChat Pay, fearing loss of foreign currency earnings.
Central bank of Nepal, Nepal Rastra Bank, NRB, Alipay, WeChat Pay, Nepal, China, tourism, digital payment
Nepal’s Central Bank has set a limit on the payments that a Nepalese citizen can make in India through debit and credit cards issued in Nepal.
Nepal, central bank, e-payment, expenses, India, currency, payments
Nepal Rastra Bank (NRB) has paved the way for telecom companies to set up subsidiary firms to provide online and mobile payment services to their clients.
NRB, online payments, telecoms, clients, mobile payments