Q Pay receives PSP license from Nepal Rastra Bank

Kathmandu, September 8: Que Pay Private Limited (Q Pay) has been granted a “Payment Service Provider” PSP license under the Nepal Rastra Bank’s Payment and Settlement law for Wallet Services.

“We are thrilled to have received PSP licenses and will relentlessly work towards contributing towards Nepal Rastra Banks initiatives of conversing those small value everyday transactions into Digital Form of Payments,” said Prajwal Bohara, CEO of QPay. adding, “The company will continue to deploy various peripherals (such as POS/ KIOSK, etc.) in providing digital payment services at all levels to its customers.”

Since Q Pay is linked with Union Pay International QR Code Network, its customers can Scan Union Pay QR Code deployed at various merchants to make the payment of good and services using QPay Mobile Wallet.