Kathmandu 

Nepal Clearing House Ltd.  NCHL)’s connectIPS e-Payment System has crossed,for the first time, daily transaction value of over NRs2 billion since 8th June, 2020.

Apart from the available alternate channels of mobile app, web and bank branches of connectIPS e-payment system, NPI has played an important role to increase the transactions in connectIPS. NPI acts as a local domestic payments rail for integration and interoperability of the alternate channels (mobile, internet, corporate banking) of BFIs, PSPs/PSOs, Government entities and other large institutions.

connectIPS platform has enrollment of over 58 BFIs and allows the bank customers to initiate fund transfer based on bank account of any beneficiary or mobile number of other users.