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NMB Bank has signed a Memorandum of Understanding (MOU) with nCloud Pvt Limited to promote digital payment channel in the transport sector. The MOU was signed between Sunil KC, Chief Executive Officer, NMB Bank and Dipendra Narayan Shrestha, Chief Executive Officer, nCloud Pvt. Limited .
The agreement seeks to implement digital payment collection system in public vehicles through use of contactless cards and POS terminals. The project shall commence with the initial tie up with Kipu Bus Sewa Pvt. Ltd. where passengers can use the contactless card for the payment of their bus fares.
