Guheswori Merchant Banking & Finance Limited has officially joined the National Payment Switch - National Card Switch (NPS-NCS) and the domestic card scheme NEPALPAY Card, following a landmark agreement with Nepal Clearing House Limited (NCHL).

The agreement was signed between Mr. Toyaraj Adhikari, Chief Executive Officer of Guheswori Merchant Banking & Finance Limited, and Mr. Neelesh Man Singh Pradhan, Chief Executive Officer of NCHL, during a formal event in Kathmandu.

With this partnership, Guheswori Merchant Banking & Finance will integrate with the NPS-NCS infrastructure to issue and acquire the NEPALPAY Card – a domestically developed payment card aimed at enhancing financial accessibility and interoperability within Nepal’s digital payments ecosystem.

The NPS-NCS is designed as a centralized infrastructure to enable the routing and settlement of domestic card transactions. It aims to reduce the reliance on international card schemes, lower transaction costs, localize transaction data, and encourage innovation in the digital payment landscape.

NCHL had earlier called on banks and financial institutions (BFIs) to begin onboarding onto the NEPALPAY Card platform, as the system infrastructure is now fully operational. Following commercial rollout, Guheswori Merchant Banking & Finance customers will soon be able to access these services.
Currently, NCHL serves over 54 BFIs, the majority of PSOs and PSPs, and more than 100 indirect and technical members through its national payment systems. The introduction and adoption of NPS-NCS and NEPALPAY are expected to significantly boost Nepal’s card ecosystem.

Guheswori Merchant Banking & Finance, known for its modern banking services, operates through 23 branches, 4 extension counters, and a network of ATM terminals, and continues to innovate in providing accessible and secure financial services.