connectIPS has introduced an exciting feature for its users where you can transfer money up to Rs 100,000 without entering the OTP passcode. connectIPS No-OTP feature will enable you to transfer money easily and faster. Normally, connectIPS requires a dual verification in both logging in and while making payments. While making payments, the sender needs…
QR code payments are increasingly capturing the payment systems market in Nepal. In the month of Magh alone, QR code payments totaled more than Rs 6.8 billion in value. Among them, QR code payments from 24 commercial banks was worth of Rs 5.85 crores. According to the report from Nepal Rastra Bank, QR code payment…
You might have been hearing about the word “Omnichannel” which is trending in the fintech industry in Nepal. A few banks have gone into omnichannel systems to give a seamless banking experience for their customers. And they are promoting this as a grand upgrade in the overall digital banking experience than ever. So, what’s special…
NEPALPAY QR, as an implementing infrastructure of NepalQR, is now operational that went live recently with a few of the BFIs and PSPs. NCHL made an official announcement in this regard at a joint Press Meet organized today (11th of March, 2022). The event was organized in the presence of Ashoke SJB Rana, CEO of…
Digital transaction limit for revenue payment to the Government of Nepal initiated from various channels of NCHL has been revised. The digital payment limits for GON revenue from the systems including CORPORATEPAY and Bank Central (bank branches) under NCHL have been increased up to NRs 2 Billion for On-us (same bank) transactions. NCHL consulted with…
Ever wondered if you can send money from one digital wallet to another digital wallet? It is soon being possible in Nepal. NCHL has introduced the NEPALPAY Instant where you can send money from your connectIPS to any linked bank account, available mobile banking, or digital wallet of the recipient. This is one additional step…
NRB has reduced the domestic remittance limit by one-fourth. It has narrowed down the daily, per transaction, and per person limit of domestic remittance amounting to Rs 25,000. Previously, this limit was Rs 100,000. On Wednesday, the Payment Systems Department in NRB issued a notice regarding this change in the transaction limit of domestic remittance….
CORPORATEPAY transactions exceeded more than NRs 55 billion this fiscal year. It is a system by NCHL among the other six systems. The system has been in use as a business payments platform for member banks and financial institution customers. It was developed by NCHL in order to provide an easy digital payment platform for small…
Department of Customs Nepal has processed digital revenue collection of over NRs 7.4 Billion transactions till the end of Magh 2078. It was started as a pilot project from Poush 1, 2078 from the Dry Port Birgunj Customs Office. On the 12th of Magh, 2078, Finance Minister Bishnu Poudel formally launched the e-payment system for…
connectIPS has got a new UI recently with some changes in its interface and experience. It has changed its UI for both mobile app and website application. Now, connectIPS has updated its website with additional features where you can find interactive display with animations. connectIPS has revamped its website and mobile app with an interactive…
