Nepal
Nepal Electronic Payment Systems Ltd (NePS) is a consortium of seven national level commercial banks in Nepal. The company's primary goal is to consolidate the resources of these banks and establish a common, secure, and reliable platform for electronic payments, capable of accommodating the rapid advancements in payment technologies.
NePS specializes in providing comprehensive solutions for Issuance of Cards, Acquiring transactions through various delivery channels, and connectivity to different payment associations both nationally and internationally. The company is dedicated to ensuring the highest security standards and maintaining a redundant system for maximum uptime.
The company is committed to promoting secure and instantaneous interbank transactions, e-commerce, remittance, and branchless banking in Nepal. Currently, NePS has 15 institutions as shareholders, including commercial banks and development banks. It provides processing services to 9 commercial banks and 4 development banks, with plans to expand to include the remaining member banks. NePS envisions becoming a leading payment processor and aims to involve the entire financial institution community in its membership.
NePS operates at the intersection of Consumer Electronics, Financial Services, Information Technology, and Payments industries, and is headquartered in Nepal. The company's dedication to security, reliability, and innovation positions it as a promising player in Nepal's financial technology landscape, with strong growth potential in the coming years.
