Kathmandu. Nepal Clearing House Limited (NCHL), prominent operator driving majority of the digital payment systems in Nepal, and Ant International, a digital payment and financial technology leader, have jointly announced the launch of cross-border payments between NEPALPAY QR and Alipay+.The launch was announced at the global premier financial services platform, Singapore Fintech Festival 2024 by Mr. Edward Yue, General Manager of Southeast Asia, Australia and New Zealand,Ant International, and Mr.Neelesh Man Singh Pradhan, CEO of NCHL, in the presence of Mr. Vishrut Thapa, Chairman of NCHL, Mr. Douglas Feagin, President of Ant International, other representatives of both the organizations and various global dignitaries, delegates and attendees.
The launch will mark the dawn of cross-border QR basedpayments enabling the travelers from 10countries and regionsincludingthe Chinese mainland, Hong Kong SAR China, Macao SAR China, Singapore, Malaysia, Philippines, Mongolia, Thailand, South Korea, and Italy to use their home payment app, including leading e-wallets and bank apps, to pay at more than 875,000 merchants associated with interoperable NEPALPAY QR network in Nepal.Alipay+ will enable its following partners for use in Nepal via NEPALPAY QR for a seamless cross-border payment experience: Alipay (Chinese mainland) AlipayHK (Hong Kong SAR), Tinaba (Italy), MPay (Macao SAR), Touch ‘n Go eWallet and MyPB by Public Bank Berhad (Malaysia), Hipay (Mongolia), GCash (the Philippines), Changi Pay and OCBC Digital (Singapore), Naver Pay and Toss Pay (South Korea), and TrueMoney (Thailand). The launch follows a Memorandum of Understanding signed between NCHL and Ant International in May 2024.
