Nepal Digital Payment Company (NDPC) and Nepal Clearing House have signed an agreement for cooperation to further expand the field of digital payments.
The agreement was signed by NDPC Chief Executive Officer Krishna Prasad Bhandari and NCHL Chief Executive Officer Nilesh Man Singh Pradhan.
Following the agreement, NDPC will now be able to transact its various types of payments in real-time and non-real-time through NCHL IPS and Connect IPS systems within NCHL’s National Payments Interface.
With this, NDPC will take additional initiatives to increase banking access by expanding its financial services to rural areas through digital medium.
NDPC’s mobile wallet Namaste Pay is currently undergoing preliminary testing. Hello Pay can be used both online and offline.
NDPC has also recently received permission from Nepal Rastra Bank to operate Namaste Pay, a payment system operator. NDPC is a joint venture between Nepal Telecom and Rastriya Banijya Bank.
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