SINGAPORE/KATHMANDU, Nov 8: Nepal Clearing House Limited (NCHL) and Ant International have announced the launch of cross-border payments between NEPALPAY QR and Alipay+ at the Singapore Fintech Festival 2024.
According to a press statement issued by the company, this integration allows travelers from 10 countries and regions, including China, Hong Kong, Macao, Singapore, Malaysia, the Philippines, Mongolia, Thailand, South Korea, and Italy, to make payments in Nepal using their home payment apps.
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The statement reads, “Edward Yue, General Manager of Southeast Asia, Australia, and New Zealand at Ant International, and Neelesh Man Singh Pradhan, CEO of NCHL, unveiled the launch. Vishrut Thapa, chairman of NCHL, and Douglas Feagin, president of Ant International, were also present alongside global dignitaries and delegates.”
More than 875,000 merchants across Nepal's NEPALPAY QR network are now equipped to accept payments from Alipay+ partners, including Alipay, AlipayHK, Tinaba, MPay, Touch ‘n Go eWallet, MyPB, Hipay, GCash, Changi Pay, OCBC Digital, Naver Pay, Toss Pay, and TrueMoney. The launch builds on a Memorandum of Understanding signed in May 2024, as mentioned in the statement.
