View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
November 17, 2015

Nuspay International rolls out Nepal’s first NFC tap & pay payment card

Technology firm Nuspay International has unveiled the first near field communication (NFC) tap & pay payment card in Nepal.

By Verdict Staff

Technology firm Nuspay International has unveiled the first near field communication (NFC) tap & pay payment card in Nepal.

The new electronic multi-use Nuspay NFC payment card has been developed in collaboration with Nepal Bank and Nepal’s public transportation bus system Sajha Yatayat.

The card has been designed to mitigate fraud in travellers’ payments as well as help commuters on Sajha Yatayat buses pay for their journey through the Nuspay co-branded Sajha Yatayat Smart Travel Card.

Nuspay CEO Greg Wooten said: "Nuspay will act as both payment network and processor, becoming a unified payment technology platform in Nepal. This will provide a single point of service to access its payment solutions across the entire payment processing value chain between financial institutions, merchants, and customers."

Sajha Yatayat chairman Kanak Mani Dixit added: "This partnership to launch our multi-purpose NFC-based payment system will have a substantial impact on both commuters and bus conductors for increasing convenience and offering complete security against risk of financial leakages simultaneously.

"The fare amount will be charged on the basis of the travelled distance while tracking the entry and exit of the passengers through the Smart Travel Card solution."

  1. News
  2. Company news
November 17, 2015updated 04 Apr 2017 4:00pm

Nuspay International rolls out Nepal’s first NFC tap & pay payment card

Technology firm Nuspay International has unveiled the first near field communication (NFC) tap & pay payment card in Nepal.

By Verdict Staff

Technology firm Nuspay International has unveiled the first near field communication (NFC) tap & pay payment card in Nepal.

The new electronic multi-use Nuspay NFC payment card has been developed in collaboration with Nepal Bank and Nepal’s public transportation bus system Sajha Yatayat.

The card has been designed to mitigate fraud in travellers’ payments as well as help commuters on Sajha Yatayat buses pay for their journey through the Nuspay co-branded Sajha Yatayat Smart Travel Card.

Nuspay CEO Greg Wooten said: "Nuspay will act as both payment network and processor, becoming a unified payment technology platform in Nepal. This will provide a single point of service to access its payment solutions across the entire payment processing value chain between financial institutions, merchants, and customers."

Sajha Yatayat chairman Kanak Mani Dixit added: "This partnership to launch our multi-purpose NFC-based payment system will have a substantial impact on both commuters and bus conductors for increasing convenience and offering complete security against risk of financial leakages simultaneously.

"The fare amount will be charged on the basis of the travelled distance while tracking the entry and exit of the passengers through the Smart Travel Card solution."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International