Nepal Payment Solution has designated Laxmi Sunrise Capital (LS Capital Limited) as the Securities Issuance and Sales Manager for its IPO to the general public. The company is to issue 3,05,600 ordinary shares at a face value of Rs 100 per share.
Mr. Lok Raj Sharma, the Chief Executive Officer of Nepal Payment Solutions Limited and Mr. Bijaya Lal Shrestha, the Chief Executive Officer of LS Capital signed the agreement on 28th Jan, 2024. Nepal Payment Solutions Limited is an automated clearing house licensed for domestic clearing and settlement by the System Department of Nepal Rastra Bank.
Further details regarding the minimum units to be applied and the amount are yet to be revealed.
Related: Mountain Glory Limited Has Appointed LS Capital As The Manager For Its IPO Issuance
About Nepal Payment Solutions Limited
Nepal Payment Solutions Limited is an Automated Clearing House (ACH) licensed and regulated by the Payment Systems Department (PSD) of Nepal Rastra Bank (NRB) for domestic clearing and settlement. The Foreign Exchange Management Department of NRB further licenses and regulates Nepal Payment Solution for cross-border settlement (in-bound), subject to NRB approval for outbound.
Nepal Payment created Payment Switch to provide high-end infrastructure and innovative payment solutions in Nepal, relieving businesses of security and connection concerns. In order to improve the transaction success rate, this system dynamically directs payment transactions between the acquirer, banks, and financial institutions as well as Payment Service Providers (PSPs).
Additionally, NPS provides an aggregated payment gateway that unites several payment providers into a unified user experience. This API-based system offers e-wallet, mobile, e-banking, and international and domestic card payments. It gives our network banks white-labeled service so they may give their clients a complete payment gateway.
