Nepal Clearing House Ltd (NCHL) holds on-boarded Nepal Investment Bank Ltd (NIBL) in the connectIPS e-Payment.
NIBL has been providing its client from 82 branches, 120 ATMs, 14 extension counters, 10 revenue collecting counters and 54 branchless banking counters, and with the increase of connectIPS, the clients of NIBL will presently be capable to receive online payments by connectIPS with all purchases prepared directly by the bank accounts.
This is supposed to help the bank in implementing alternative digital ways to its consumers by which the bank customers can avail the assistance of online fund transfer, e-commerce payment, creditor/biller payments and also government tax, Loksewa application fee, Office of Company Registrar payments, Citizen Investment Trust loan repayment, Social Security Fund payment, credit card bill payments, mobile wallet top-up, capital market related payments and more.
NIBL will likewise be capable to combine services in connectIPS by enrolling its merchants as global creditors, which order be available to the customers of other members BFIs too.
NIBL’s clients can register and connect their bank accounts(s) with one-time confirmation from the bank, following which they can manage the system.