NCHL Processes Over NRs. 84 B in Poush End Transactions, Gov. Revenue Collection Tops NRs. 1.6 B From Various Channels

Nepal Clearing House Ltd. (NCHL) has processed a total transaction of over NRs. 84 Billion through its payment systems on the last day of Poush 2080. Both transaction volume and value have increased by 60 percent and 70 percent respectively as compared with the same day last year. NCHL-ECC, NCHL-IPS, and RPS have processed transactions equivalent to NRs. 41 B, NRs. 14 B, and NRs.29 B respectively on the last day of the second quarter.

Real-time transactions in RPS have seen massive transactions initiated from connectIPS (App, Web, Gateway), CORPORTEPAY, bank branches, mobile banking, wallets, and NPI-integrated channels/ systems. During the day, NCHL-IPS and RPS systems also witnessed Government revenue collections of over NRs. 1.6 B and expenses of over NRs.6.8 B equivalent to over 1.25 lakh transactions. Such Government payments are enabled from various channels of connectIPS, CORPORATEPAY, NEPALPAY QR gateway, Bank branches, mobile banking, and wallets.

NCHL systems are used by over 53 bank financial institutions (BFIs) as its direct members and over 100 non-bank institutions as indirect or technical members. The BFIs have extended the payment service through its over 7,000 branches and the indirect/ technical members have extended to its customer channels.