KATHMANDU, May 11: Nabil Bank has partnered with Payment Nepal (Gateway Payment Service Pvt. Ltd, a Payment System Operator licensed by Nepal Rastra Bank) to offer acceptance of its mobile-based real-time payment system, Unified Payments Interface (UPI), in Nepal.
UPI is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank and cross-border transactions. This partnership is expected to enable millions of Nepalese and Indians who travel across the borders every year to make seamless payments related to their health, education and business services using UPI-based mobile applications across shops and merchant stores in both the nations.
The partnership agreement was signed by Mr. Anil Keshary Shah, Chief Executive Officer of Nabil Bank and Mr. Rajesh Prasad Manandhar, Chief Executive Officer of Gateway Payment Service.
This partnership empowers Nabil Bank’s mobile banking users to make safe and seamless payments across merchant stores in India. Similarly, merchants associated with Nabil UPI QR can accept payments from Indian tourists using UPI based mobile apps including PhonePay, Google Pay, and Paytm.
Nabil Bank Limited is the nation’s first private sector bank, established in 1984 AD. The Bank serves a complete line of commercial banking products through branch banking, treasury, trade, cards, remittance and investment banking.
The Bank operates through a network of 150 branch offices, 187 ATMs, numerous POS terminals, remittance agents spread across the nation and over 170 international correspondent banking relationships.