March 4, 2014
ElectraCard Services (ECS) is a software and processing solutions provider for electronic payment systems. The company is all set to facilitate electronic payment transactions to seven banks of Nepal.
'We are very excited to partner with NEPS and be a part of this revolutionary project in Nepal, said CEO of ElectraCard Services, Ramesh Mengawade. With the large growth in banking needs and the need for stronger security, it is essential for banks to move to a newer platform and offer new services faster,' he added.
There is an imminent need for the banks to upgrade their platforms to meet regulatory requirements as well as ensure safety of their customers, hence the banks of Nepal have come together to set up a common platform to address the needs in a cost effective manner, said Anish Tamrakar, CEO of NEPS. ElectraCard Services brings with them the guarantee of over 200 successful implementations globally and expertise in Nepalese electronic payments.
ECS was selected due of its products' modern architecture and positive references from its existing customers, says the company. Imark Pvt. Ltd, one of the largest IT systems integrators in Nepal is a partner with ECS.