NIBL Ace Capital joins NPS; to help in automating its various payments processes

NIBL Ace Capital Ltd has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payments processes, including disbursements and collections, through NCHL payment systems. The agreement was signed by Mr. Mekh Bahadur Thapa, Deputy CEO of NIBL Ace and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.

With this, NIBL Ace Capital will be the first few merchant banks to automate its payments by directly integrate its systems with National Payments Interface (NPI) of NCHL, enabling the company to access various digital instruments available under National Payment Switch. It will fully support automating various disbursement and collection transactions through NCHL-IPS and connectIPS systems. Such transactions will be processed directly between the bank accounts of NMB Capital and its beneficiary/ customers at any BFIs.