• News
  • Gadgets
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
Facebook Twitter Instagram YouTube LinkedIn TikTok
Sunday, June 1
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
TechSathiTechSathi
  • News
  • Gadgets

    Samsung Galaxy S25 Edge – Price in Nepal

    oppo-pad-4-pro-nepal

    Oppo Pad 4 pro price in nepal

    Samsung Galaxy S25 Ultra VS iPhone 16 Pro Max

    This is why you should buy the Oppo Reno 13 pro!

    huawei-smartwatch-price-in-nepal

    Huawei’s new smartwatches in Nepal !

  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
TechSathiTechSathi
Home»Fintech»NCHL Launches XUNO’s Cross-border Request to Pay Feature on connectIPS
Fintech

NCHL Launches XUNO’s Cross-border Request to Pay Feature on connectIPS

Pioneering Beneficiary-First Solution Directly Connects Sending and Receiving Banks in the US and Nepal for the First Time; Paves Way for Borderless Economy
4 Mins Read
Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp VKontakte Email
XUNO cross-border Request to Pay
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

Nepal Clearing House Limited (NCHL), the leading payment system operator established under the leadership of Nepal’s Central Bank and banks & financial institutions, today announced the launch of XUNO cross-border Request to Pay (R2PX). Offered as a feature integrated within connectIPS, a multi-banking single payments platform established and operated by NCHL, R2PX is the first-of-its-kind messaging overlay solution that allows individuals, businesses, and financial institutions to seamlessly request and receive payments between Nepal and the US.

Through this integration, NCHL becomes the first clearing house ever to integrate a cross-border “request to pay” module directly into the national payment infrastructure, thereby connecting all of its national member banks to XUNO’s neo-banking network in the USA. This is first of its kind reverse remittance feature that enables beneficiaries in Nepal to send a request to a payer in USA and receive real-time remittances in the designated bank account in Nepal via connectIPS platform. And this is believed to be a major breakthrough in the real-time cross border remit sector.

“Today, despite access to technology and connectivity, sending and receiving banks across borders have not been able to communicate in real-time, resulting in a multitude of frictions,” said Neelesh Man Singh Pradhan, CEO of NCHL. “These frictions hold us back from participating in the global economy. By partnering with XUNO, we are now able to place the power directly in the hands of the beneficiaries, to proactively and equitably participate in cross-border payment opportunities.”

XUNO’s R2PX is a messaging overlay solution that establishes direct real-time connections between sending and receiving banks. Using the R2PX feature, beneficiaries can easily request payments from their senders by providing details such as the requested amount, purpose of payment, and receiving bank information. In doing so,                                                                                                           

“As a company committed to revolutionizing payments and banking through best-in-class technology, we are excited to see NCHL embrace an innovative solution. Through this integration, we are helping Nepal leapfrog from archaic cross-payment mechanism to a borderless economy,” said Bal Krishna Joshi, Founder of XUNO. “As we increasingly embrace digitalization, we need to be equipped for the financial and economic advancement possibilities it brings along. We congratulate the NCHL team for their visionary leadership and for spearheading the much-needed change in the cross-border payment landscape.”

XUNO cross-border Request to Pay (R2PX) addresses issues related to:

  • Compliance and visibility: The elaborate messaging protocol ensures jurisdictional compliance, ensuring detailed Know Your Customer (KYC), Anti-Money Laundering (AML), and sanction checks of the beneficiary and the visibility of the receiving accounts.
  • Cost: By unlocking direct communication between financial institutions, R2PX enables money to move directly, removing intermediaries and aggregators, and thus reducing transaction costs.
  • Customer experience: With R2PX’s beneficiary-first approach, creating payment requests has been simplified. Beneficiaries can simply use connectIPS accounts to generate a digital payment request and receive funds directly into their bank account. Senders and beneficiaries can also keep track of their requests and payment status in real time.

Security: R2PX ensures secure message delivery by leveraging a unique primary identifier (PID) or virtual payment address (VPA) and robust encryption algorithms, thereby guaranteeing message authentication and confidentiality.      

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleThe Ultimate Sale on Oliz Store’s New Year Dhamaka!
Next Article boAt Airdopes Zing available on Khalti for purchase.

Related Posts

 The CMF Phone 2 Pro price in Nepal   

OnePlus Pad 3 Launch Date Announced

The iPad Air M3 : Price in Nepal

 DJI Mavic 4 Pro Price in Nepal

Add A Comment

Leave A Reply Cancel Reply

Don't Miss

 The CMF Phone 2 Pro price in Nepal   

OnePlus Pad 3 Launch Date Announced

The iPad Air M3 : Price in Nepal

 DJI Mavic 4 Pro Price in Nepal

  • Facebook 64K
  • Twitter 877
  • Instagram 5K
  • YouTube 11K
  • LinkedIn 1.6K
  • TikTok 3K
Our Picks
News

Stratos 2 plus; Zeblaze’s New Year’s launch!

3 Mins ReadBy Sujan Karna

Zeblaze is not an uncommon brand, in fact, it has been consistently launching newer products…

MacBook Pro M4 Pro ; Pricing and availability in Nepal!

MacBook Pro M4 Max in Nepal; pricing and availability

MacBook Pro M4 ; Coming soon in Nepal!

About Us
About Us

Nepal's go-to platform for tech news and updates. We want to be your Tech Sathi.

Contact

To contact us, you can email us at
“ [email protected] ”

Also, you can ring us at
“ +9779802040555 “

Pages
  • About Us
  • Advertise
  • Contact Us
  • Homepage
  • Privacy Policy
  • Submit Article
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
© 2025 Tech Sathi Pvt. Ltd.

Type above and press Enter to search. Press Esc to cancel.