Nepal based NIC ASIA Bank has announced a cooperation with Nepal’s payment system operator FirstPay and Hong Kong based digital banking solution provider Wallyt to launch digital payment services to its merchants through WeChat Pay and UnionPay QR in the country.
Through this partnership merchants associated with the bank will be able to reach more Chinese guests by giving the opportunity to use their domestic payment method.
According to Ministry of Culture, Chinese travelers account for 14.2% of arrivals by nationality, and has been the second largest source of tourists to Nepal. Numbers started going up in 2011 after Nepal announced free visas for Chinese nationals.
Beside the integrated payment gateway, Wallyt also has full experience and solutions to help the banks go digital. With 25,000 and more QR merchants all over the country, NIC ASIA Bank, FirstPay and Wallyt will work together to offer more digital payment service to meet the requirement of local merchants and users, and help make the country’s economy a cashless economy.
Roshan Kumar Neupane, CEO of NIC ASIA Bank, commented:
“We aim to partner with technically agile global Fintech for leveraging the untapped segment of international payment space in Nepal. Working together with Wallyt is beginning of our journey in that direction.”
Saurabh Rijal, CEO of FirstPay Technology Pvt. Ltd, commented:
“We are pleased to partner with Wallyt to bring world class technologies and payment channels to contribute in accelerated digital transformation in Nepalese Economy. We are incredibly excited about this journey and truly believe the best digitalization of payment is yet to come.”
Magic Tang, Vice President of Wallyt, added:
“Our aim is, working together with NIC ASIA Bank and First Pay, to serve more merchants in Nepal and help them to go cashless with digital payment capabilities. With this new partnership, Wallyt also shows its global reach with local competence.”
