Banks and NCHL jointly initiate Rs 100 Campaign; get cash incentive for activating your ConnectIPS account now

Nepal Clearing House Ltd. (NCHL) has started a joint promotion campaign with the leading banks of Nepal to promote bank account based digital transactions through connectIPS e-Payment System. The bank customers who link and verify their bank account with connectIPS will be incentivized with balance deposit Rs.100 by the respective banks during the campaign period. The incentive is currently available for the customers of Laxmi Bank, Citizens Bank International, Nabil Bank and Nepal Bank, who will also assist the customers to create user and link bank accounts.

The customers will be able to do the payment transactions directly from their bank accounts using connectIPS platform, corresponding to which such transactions can be initiated from its mobile App, web (connectips.com) or some of the bank’s own mobile banking.

connectIPS e-payment system is a standardized single payments platform for online payments which includes online fund transfer, payment processor (gateway) and creditor/biller payments. Some of the services that are on-boarded on the platform by the member banks including Government tax payment, Loksewa application fee, Office of Company Registrar payments, CIT loan repayment, Social Security Fund payment, credit card bill payments, mobile wallet top-up, NEPSE online trading, broker & capital market related payments, travel agency payments, school/colleges, insurance payments and similar.

The campaign has been rolled out to support the industry initiatives to promoting bank account based digital transactions jointly with the banks and financial institutions.