NABIL Bank also joins connectIPS e-Payment System

 Nepal Clearing House Ltd. (NCHL) has enrolled NABIL Bank Limited in the connectIPS e-Payment System from today. With this, the customers of NABIL Bank will be able to initiate online payments from www.connectips.com and its mobile application, with all transactions processed directly from the bank accounts.

The bank’s customers can enroll and link their bank accounts(s) with one-time verification from the bank, after which they can use the platform for services of fund transfer, online payments and creditor/biller payments including online fund transfer, government tax payments, loksewa application payment, credit card bill payments, mobile wallet top-up, share broker payments, etc. Various merchant based payments can also be availed by the customers where payment processor (gateway) of connectIPS has been added.

connectIPS is a standardized single payments platform introduced by Nepal Clearing House Ltd., a company promoted by Nepal Rastra Bank and Banks & Financial Institutions. It has already been subscribed by 51 banks and financial institutions among which 40 BFIs are now in operations. NABIL Bank is one of the largest banks in Nepal which has been in the forefront of introducing various digital payment services to its customers.