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

NMB Capital Ltd. (NMBCL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payment processes, including disbursements and collections, through NCHL payment systems. The agreement was signed by Mr. Deepesh Kumar Vaidya, CEO of NMBCL and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.

With this, NMB Capital will be the first merchant banks to automate its payments by directly integrating its systems with the 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.