NIC Asia & Nepal Clearing House signed an agreement for Interbank Payment system
Sun, Jan 3, 2016 4:45 PM on Latest,
NIC Asia Bank and Nepal Clearing House Limited signed an agreement for Interbank Payment system (NCHL-IPS) today. From this agreement, Nepal Clearing House Limited will provide NHCL-IPS system for Interbank Payment Service. Nepal Clearing House Limited’s CEO Nilesh Man Singh Pradhan and NIC Asia Bank’s CEO Laxman Rijal signed on the agreement paper.
Banks affiliated with NHCL-IPS can self-conduct services of its customers related to Direct Credit and Direct Debit. Bank and financial institutions can provide service related to activities like Customer’s Cash Placement, Dividend Payment, IPO Refund, Bill Payment, Premium Payment, Allowance Payment and Remittance Services. Customers can be provided international standard services through the system. Transactions through the system are more transparent and huge transactions can be easily done along with minimal risk.
NHL-IPS has earlier signed agreement with Citizens Bank International Limited, Himalayan Bank Limited, NMB Bank Limited, Prabhu Bank Limited, Sunrise Bank Limited , Nepal Investment Bank Limited, Standard Chartered Bank Nepal, Siddhartha Bank Limited , Everest Bank Limited, Kailash Bikas Bank Limited, Ace Development Bank Limited, Goodwill Finance Limited and Guheswori Merchant banking and Finance Limited.
NCHL currently has over 125 member banks and financial institutions within its network and has set its objectives to establish and operate multiple national payment systems in Nepal. And NCHL will be signing similar NCHL-IPS subscription agreements with other banks and financial institutions. NCHL currently has over 125 member banks and financial institutions within its network and has set its objectives to establish and operate multiple national payment systems in Nepal.
