Cross-Border QR Payment launched for tourists who want to use their domestic e-wallets

Agreement Overview

Alipay+ Network

This system is connected to the Alipay+ network, which includes over 30 e-wallets and 300 networks. It provides access to millions of merchants worldwide. Some of the supported e-wallets include Alipay, Gcash, KakaoPay, and TossPay.

Payment System Infrastructure

The NEPALPAY QR is integrated into the National Payment Switch (NPS). This ensures smooth interoperability between different QR codes across merchant and network platforms. As a result, over 850,000 merchants in Nepal can accept payments via NEPALPAY QR.

Details of Everest Bank’s Role

Everest Bank serves 1.4 million customers with a network of 39,167 channels, including 10,098 domestic branches and 13,350 ATMs. The bank also has over 23,000 merchants enrolled in the NEPALPAY QR system. This partnership is expected to simplify payment processes for foreign visitors while also enhancing Nepal’s payment infrastructure.

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Countries Included in the Agreement

Tourists from China, Hong Kong, Singapore, Malaysia, Indonesia, Philippines, Mongolia, Thailand, South Korea, Sweden, and Italy can now scan the NEPALPAY QR code to make payments at participating merchants in Nepal.