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…
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…
Nepal Clearing House Limited (NCHL) has made a new record in its non-cash transactions. By the first 6 months of 2078/79, the non-cash transactions in NCHL channels have crossed NRs. 7 trillion in value. It has reached NRs. 7.88 trillion in transactions across the three channels : NCHL ECC, NCHL-IPS, and connectIPS. Through NCHL-ECC alone,…
Nepal Rastra Bank has set the transaction limit for mobile banking and other payment systems in the Unified Directives through the Payment Systems Department. The maximum transaction limit per day from mobile banking channels is NRs. 200,000. On the other hand, you can transfer funds up to NRs. 20 lakhs in a day from internet…
