Skip to content
|Loading...
Share Gyan home
EBook

Sanima Bank, Standard Chartered Launch Nepal's First Real-Time API-Based INR Payment Solution

Sanima Bank and Standard Chartered Bank have introduced Nepal's first real-time API-based payment solution for outward Indian Rupee (INR) transactions, aiming to make cross-border payments faster, more secure, and fully automated.

Published By Share Gyan
Sanima Bank, Standard Chartered Launch Nepal's First Real-Time API-Based INR Payment Solution

Sanima Bank Limited and Standard Chartered Bank have jointly launched Nepal's first real-time application programming interface (API)-based payment solution for outward Indian Rupee (INR) transactions, marking a significant milestone in the country's cross-border payment infrastructure. The new integration enables fully automated, real-time processing of INR payments from Nepal to India, replacing the conventional manual and batch-based transaction system. According to the two banks, the solution is designed to enhance transaction speed, improve operational efficiency, increase transparency, and provide customers with a faster and more seamless payment experience. Building on the initiative, Sanima Bank and Standard Chartered Bank also plan to introduce API-based US dollar (USD) payment services, further expanding digital cross-border banking capabilities. Officials from both institutions said the partnership represents a major step toward modernizing Nepal's international payment ecosystem while strengthening financial connectivity between Nepal and global markets.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News