Nepal Electronic Payment Systems Limited (NEPS) has called for a general meeting, including a proposal to issue an IPO at a premium price. The meeting will commence from 4:00 PM on the 23rd of Kartik at Araniko Boutique Hotel, Hattisar, Kathmandu.
During the meeting, the company will present a special proposal regarding the IPO, including the premium price. Additionally, there is a proposal to distribute 20% bonus shares and a 1.053% cash dividend from last year’s profits.
There will also be discussions regarding the adjustment for losses from the fiscal year 2079-80. The appointment of auditors and determination of remuneration for the fiscal year 2080-81 will also be on the agenda.
Nepal Electronic Payment Systems (NePS) is a public limited company established on 18th Falgun, 2069 (1st March, 2013) as a consortium of leading national commercial and development banks with the aim to establish centralized solution for cards issuance, issuing and acquiring transactions with connectivity to various National and International Payment Associations. NePS provides many other services within the country including ATM/ POS management, 24/7 Monitoring & Support, ACS 3D secure, Card Personalization, Webservices to its member banks. At present, there are 14 member banks and NePS manages more than 2,000+ ATMs and 12,000+ POS country wide. 12 commercial and development banks are the shareholders of the company.
NePS is a licensed Payment System Operator (PSO) regulated by Nepal Ratra Bank. It is Payment Card Industry Data Security Standard certified PSO, associate participating organization of Payment Card Industry Security Standards Council and it complies with ISO 27001:2013.
NePS gives the highest value to security and continues to strive for operational excellence. NePS has established itself as a key player in the emerging Nepalese Fintech industry with technology enhancement and innovation. As its strategic priority, NePS continues to take various initiatives to promote financial inclusion and embraces collaboration with bilateral and multilateral partners in an effort to contribute to the vision of “Digital Nepal”.