• BIZ BRIEFS
KATHMANDU, APRIL 5
Nepal SBI Bank Ltd has announced use of Rupay card in Nepal SBI Bank ATMs and point of sale (PoS) machines.
Use of RuPay card in Nepal was jointly launched by Prime Minister Sher Bahadur Deuba and Indian Prime Minister Narendra Modi.
RuPay is first of its kind global card payment network in India and a product of National Payments Corporation of India (NCPI). Launch of RuPay in Nepal will add chapter to promote digital transaction and will help the increase of INR flow in Nepal, as per a media release.
Nepal SBI Bank Ltd is the only bank in Nepal to accept RuPay branded cards. Currently, all variants of RuPay card is accepted in Nepal SBI Bank PoS machines whereas global variant of Ru- Pay is accepted in Nepal SBI Bank ATM terminals.
A version of this article appears in the print on April 6, 2022, of The Himalayan Times.