News from the Wire

Fime, imark enhance Nepal’s financial ecosystem

Tuesday, April 30, 2024 — 12:33:00 (EDT)

Paris, April 30, 2024 – Fime has advanced its collaboration with imark to provide local EMV®* Level 3 test services in Nepal. Together, the companies will support the nation’s rapidly expanding digital payments ecosystem by providing local testing and consultancy services to issuers and acquirers. This enhanced offer will give Nepalese payment stakeholders the ability to validate the integration of their payment acceptance terminals at a reduced cost and time to market.

Ram Dhungana, CEO at imark, comments: “For the past 17 years, we have worked closely with banks and leading financial institutions to innovate and upgrade their payments infrastructure. By working with a trusted partner like Fime, we can now provide the ecosystem with access to state-of-the-art test tools and consultancy that enfranchises innovation without compromising on security.”

“imark is an esteemed partner, and through our work with them Fime is committed to supporting the evolution and digitalization of payments in Nepal with world-class testing and certification services,” adds Angaj Bhandari, VP IMEA at Fime. “With nearly two decades’ experience supporting financial stakeholders in Nepal, imark’s local heritage combined with our worldwide expertise will bring enhanced innovation to the country.”

By providing L3 consulting, certification, card and mobile personalization validation (CPV) and the requisite test tools, the two organizations are helping local banks to prevent costly production issues and delays in certification processes. This latest partnership extends the international reach of Fime’s Level 3 services.

To learn more about Fime’s testing and certification services, visit our website.

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*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

For further Fime media information, please contact:

Yash Raveendra yash@iseepr.co.uk at iseepr + 44 (0) 113 350 1922

Stéphanie Pietri stephanie.pietri@fime.com at Fime

About Fime

Fime enables its clients to create and launch trusted and secure solutions with consulting and testing services in payments, smart mobility, biometrics, authentication and open banking. It offers global cross-industry perspective, local insight, and unique heritage in testing and certification. Fime’s consultants provide transformative business expertise, partnering with organizations worldwide to define, design, deliver and test their products and services.

With 400+ experts around the world, Fime works strategically to help its clients turn ideas into reality, swiftly take products to market, and achieve competitive advantage. Working together, Fime turns powerful innovations into the future of trusted transactions.

Making innovation possible.

www.fime.com | Blog | LinkedIn | Twitter / X | YouTube

About imark

imark is a leading Fintech company headquartered in Kathmandu, Nepal, specializing in delivering innovative digital solutions to banking and financial institutions across Southeast Asia. Our primary objective is to offer a robust, cost-effective, and secure digital payment ecosystem tailored to the needs of our clients. With a focus on efficiency and security, we strive to empower financial institutions to achieve their goals and excel in the digital era.

Since 2007, imark has been at the forefront of revolutionizing payment solutions, particularly in EFT Switch, POS acquiring, and card services in Nepal & Bhutan.

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Source: Company press release.