ZIGRAM has formed a strategic partnership with the Payment Service Providers Association of Nepal (PSPAN), the national body representing Nepal’s licensed payment service providers.
The collaboration aims to strengthen Anti-Money Laundering (AML) compliance standards across Nepal’s fast-growing digital payments ecosystem.
The partnership comes as Nepal works to reinforce its regulatory frameworks for financial technology and move out of the Financial Action Task Force (FATF) grey list. Through this engagement, PSPAN and its member institutions, regulated by the Nepal Rastra Bank, will implement ZIGRAM’s Complete AML System, powered by its proprietary AML RegTech Stack. The goal is to enhance financial crime controls, ensure compliance with global standards, and promote a transparent, resilient digital payments sector nationwide.
ZIGRAM provides advanced RegTech solutions designed to streamline AML processes and compliance reporting for financial institutions. Its AML RegTech Stack offers integrated tools for watchlist screening, transaction monitoring, and regulatory reporting, helping institutions align with evolving global compliance requirements.
PSPAN represents Nepal’s leading payment service providers, which play a vital role in expanding digital financial inclusion across the country. The association advocates for innovation, regulatory collaboration, and operational excellence to support the sustainable growth of Nepal’s FinTech ecosystem.
Under this collaboration, ZIGRAM will provide PSPAN and its members with scalable and cost-effective AML solutions tailored for Nepal’s regulatory and operational landscape. This initiative is expected to help payment providers meet the Nepal Rastra Bank’s compliance expectations while supporting the broader goal of securing the nation’s financial infrastructure.
ZIGRAM CEO & co-founder Abhishek Bali said, “Our collaboration with PSPAN represents a meaningful step in enabling Nepal’s payment ecosystem to access world-class AML technologies tailored for local realities. By providing scalable and cost-effective compliance solutions, integrated with our global and Nepal specific watchlists, we aim to empower PSPs to innovate confidently while ensuring that regulatory expectations of Nepal Rashtra Bank are met with efficiency and rigor.”
PSPAN president and Khalti by IME CEO Binay Khadka said, “Strengthening AML and compliance standards is a top priority for Nepal’s digital payments ecosystem. We are confident that our collaboration with ZIGRAM will ensure that PSPs have access to global best-in-class solutions that are both practical and cost-effective, helping us safeguard the fintech industry, contribute towards our journey out of the FATF grey list, while fostering growth and innovation.”
PSPAN secretary and CityPay CEO Binay Regmi said, “Our members are at the forefront of driving digital financial inclusion in Nepal. By working with ZIGRAM, we are ensuring that this growth is anchored in strong AML and compliance foundations. This collaboration will help PSPs build trust, enhance resilience, and accelerate the adoption of safe and secure digital payments across the country.”
Keep up with all the latest RegTech news here
Copyright © 2025 RegTech Analyst
Copyright © 2018 RegTech Analyst
