CHINA-NEPAL: NEPAL PERMITS PPAY TO OPERATE IN NEPAL

The Nepal Rastra Bank granted a license on July 24 for the payment system operator to Chinese company--UnionPay International to provide its services in Nepal recently.  According to UnionPay International it can now provide electronic card network and card clearing services. Chinese Ambassador to Nepal Hou Yanqi took to Twitter to make public the license granted to UnionPay. She congratulated the Chinese company for obtaining the first payment system operator license for an international company.

(Comment: UnionPay International is the first foreign company to be granted such a licence by Nepal.)







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