After the acquisition of Neps, the integrated business of J.N.C.H.L. started

Nepal Clearing House Limited (NCHL) formally announced the acquisition of Nepal Electronic Payment Systems Limited (NEPS) and the commencement of integrated operations on May 21, 2081, at an official event. This marks the first merger/acquisition between two payment system operators in Nepal.

The event was graced by the presence of the Governor of Nepal Rastra Bank, Maha Prasad Adhikari, along with high-ranking officials from Nepal Rastra Bank, government agencies, representatives from banks and financial institutions, payment system operators, and service providers.

After obtaining approval from their respective special general meetings on April 13, 2081, and completing all legal and procedural requirements, including final approvals from Nepal Rastra Bank and the Office of the Company Registrar, the acquisition was successfully executed. NCHL acquired NEPS at a 1:0.28 swap ratio.

Following the acquisition, NCHL's paid-up capital stands at NPR 1.07 billion, and the total fund amounts to NPR 1.44 billion. This expansion is expected to aid in infrastructure development, risk mitigation, investment in cutting-edge research, and enhancement of service quality.

Key Services:

- NCHL Services: NCHL-ECC, NCHL-IPS, RPS, connectIPS, CORPORATEPAY, connectRTGS, NPI, NEPALPAY QR

- NEPS Services: Card Issuance, ATM Services, Personalization, 3DS Secure ACS

Post-acquisition, NEPS will continue to provide card-related services under EFT Card Services, while NCHL will enhance other electronic payment services and implement the National Payment Switch (NPS-NCS/NEPALPAY scheme).

This acquisition signifies the beginning of a new era in Nepal's digital payment sector, aiming to make payment systems more efficient and coordinated.