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China, Nepal jointly launch international pre-paid card

Himalayan Bank in partnership with UnionPay International (UPI) – a subsidiary of China’s national bankcard association UnionPay – has today launched US dollar-denominated International UnionPay pre-paid card, which can be accepted in over 140 countries. Himalayan Bank chief executive officer

Manual clearance poses ‘systemic risk’: NRB

Manual clearance of high-volume cheques poses a greater systemic risk to the financial system, according to the central bank. The central bank review report of National Payment System revealed that the current arrangement on high-volume cheque payment poses a systemic

Central bank plans National Payment System

The central bank is planning to launch National Payment System that will help mobile banking more adaptable to masses. The central bank is also mulling to make remittances inflow Nepal through the system that will make it cost efficient. The