KATHMANDU, July 24: Nepal Rastra Bank has granted a license for the payment system operator to Chinese company--UnionPay International to provide its services in Nepal recently.

In Nepal, UnionPay QR code payment has become a new trend. China has become the largest source of tourists in Nepal, under this background, more and more local merchants welcome Chinese tourists by supporting UnionPay QR code which favored by Chinese consumers. More and more local UnionPay cardholders are also beginning to enjoy the convenience brought by UnionPay QR code in daily consumption and cross-border payment.