Dear MOCO Merchants,
Effective February 20th (Falgun 8), Tuesday, we are adjusting the settlement time for NEPALPAY transactions in the MOCO Unified QR Code. Settlements will now occur twice daily: at 11:30 AM and at 4:30 PM, to ensure faster and more efficient transactions.
The new settlement schedule will be as follows:
| Merchant Settlement Session
Effective from: 2/20/2024 |
||
|---|---|---|
| Day | Session 1 (Time: 11:30) | Session 2 (Time: 16:30 ) |
| Sunday- Thursday | VISA (T+2)
Alipay (T+1) Unionpay (T+1) Nepal Pay ( 15:30:01 to 23:59:59 of the previous day)* |
Nepal Pay (00:00:00 – 15:30:00 of the same day) |
| Friday | VISA (T+2)
Alipay (T+1) Unionpay (T+1) Nepal Pay ( 15:30:01 to 23:59:59 of the previous day)* |
No settlement |
| All Settlements impacted by public holidays and transactions performed on Fridays and Saturdays will be settled in the first session of the next working day. | ||