ZIGRAM, a leading RegTech firm specializing in Anti-Money Laundering (AML) and financial crime compliance, has forged a strategic partnership with the Payment Service Providers Association of Nepal (PSPAN) to deploy advanced AML solutions across Nepal's digital payments ecosystem, aiding members regulated by the Nepal Rastra Bank in enhancing transparency and regulatory adherence amid efforts to exit the FATF grey list.
This engagement positions ZIGRAM's proprietary AML RegTech Stack as a cornerstone for PSPAN's members, enabling proactive compliance measures that are both cost-effective and adaptable to local contexts. By implementing the Complete AML System, payment service providers (PSPs) can streamline financial crime controls, ensuring robust defenses against money laundering while supporting the broader goal of a resilient digital payments infrastructure. The partnership arrives as Nepal intensifies its fintech regulatory framework, aligning with commitments to improve global standing and promote secure, inclusive financial services.
ZIGRAM's cloud-native, self-serve applications address a wide array of compliance challenges, from anti-bribery protocols to supply chain risk assessments. For Nepal's PSPs, this means seamless integration of localized watchlists with ZIGRAM's extensive global database, facilitating real-time monitoring and risk mitigation. Abhishek Bali, CEO & Co-founder of ZIGRAM, commented: “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's leadership emphasizes the partnership's role in fortifying the sector's foundations. Binay Khadka – President, PSPAN (CEO, Khalti by IME), 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.”
Binay Regmi – Secretary, PSPAN (CEO, CityPay), 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.”
Through this alliance, PSPAN and ZIGRAM are not only elevating compliance standards but also catalyzing innovation, ensuring Nepal's digital payments sector thrives securely and contributes to national economic resilience.
ZIGRAM is a Regulatory Technology (RegTech) organisation specialising in Anti-Money Laundering (AML), Financial Crime Compliance (FCC), and Emerging Risk Management. The company offers a proprietary suite of risk and compliance solutions, including the ‘AML RegTech Stack’ and the ‘Complete AML System’, which form the core of their ‘Risk Application Ecosystem’. These solutions are purpose-built to help financial institutions achieve regulatory compliance in a simple, comprehensive, and cost-effective manner.
Payment Service Providers’ Association of Nepal is a not-for-profit, independent, umbrella organisation formed by the combined efforts of (PSPs), digital wallets of Nepal. We are committed to building a strong, united community of payment service providers through cooperation, knowledge-sharing, and a shared vision for the digital future. Our focus lies in upholding the advocacy for our members while promoting access to technology and innovation. We work closely with government bodies and stakeholders to provide policy input, regulatory feedback, and technical insights that help shape a fair and inclusive digital financial environment. We also prioritise fostering a culture of continuous learning by organising know-how sharing sessions, workshops, and events that keep members updated on the latest trends and technologies in digital finance. By empowering our members with knowledge and skills, we help them stay relevant in a rapidly digital landscape.
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