Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

Core Insights - ACI Worldwide has been selected by Nepal Clearing House (NCHL) to implement the National Payment Switch (NPS) and the NEPALPAY card scheme, enhancing domestic payment capabilities in Nepal [1][2] - The NPS initiative aims to create a comprehensive payment ecosystem that supports both card and non-card transactions, with a rollout expected in the last quarter of 2024 [2][3] - The transition to digital payments in Nepal has significantly increased financial inclusion, with the percentage of adults using formal financial services rising from 61% in 2014 to 90% in 2022 [3] Company Overview - ACI Worldwide is a global leader in real-time payments software, providing scalable solutions for digital payments and financial services [5][8] - The ACI Enterprise Payments Platform serves as an end-to-end payments hub, supporting various payment schemes across six continents and reaching approximately 1.8 billion people [5] Industry Context - The establishment of the NPS and NEPALPAY is seen as a transformative step for Nepal's payment landscape, promoting secure and efficient payment methods [2][4] - NCHL plays a crucial role in advancing digital payments in Nepal, aiming to improve the efficiency and productivity of banking and financial institutions through technology-oriented services [6][7]