Nepal Clearing House Ltd. (NCHL) has processed total transaction of over NPR. 84 B through its payment systems on the last day of Poush 2080. Both transaction volume and value has increased by 60 percent and 70 percent respectively as compared with the same day last year. NCHL-ECC, NCHL-IPS and RPS has processed transactions equivalent…
NMB Capital Ltd. (NMBCL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payments processes, including disbursements and collections, through NCHL’s payment systems. With this, NMB Capital has also become a part of National Payment Switch (NPS). National Payment Switch is the system under NCHL, developed for the interoperability and…
Receiving business payments might be a hassle for the accountants when you are receiving it from multiple sources and in multiple accounts. For this, it would help if a single payment gateway could handle all the receipts such that it would help you with documentation. And there comes NCHL which allows you to receive business…
Gone are the days of having hassle to make payments to the government units and offices by the beneficiaries. The Government of Nepal is adopting digital payments in a wider range now, making both payout and revenue collection easier than before. Government of Nepal has taken an initiative to expand the implementation of digital payments…
CAN Infotech 2022 has already started today at Bhrikutimandap, Kathmandu. The 27th ICT exhibition organized by the Computer Association of Nepal (CAN) has kicked off today with the stalls of various companies, organizations, and businesses contributing to the ICT sector. This expo is happening till the 25th of April, 2022. This expo is featuring various…
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…
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…
CORPORATEPAY system has been recently upgraded with additional payment services and features including online registration requests for enrollment. Corporates and businesses can now quickly register for the system online, with their bank completing the rest of the enrollment procedure. Previously, they needed to visit the bank and fill up the registration form for enrollment in…
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…
