NCHL’s agreement

KATHMANDU: Nepal Clearing House Ltd (NCHL) signed an official agreement with UKaid Sakchyam - Access to Finance Programme (Sakchyam) to ‘Promote connectIPS e-Payments, establish National Payments Interface (NPI) and extend Settlement Guarantee Fund (SGF)’.

The partnership was officially announced by signing and exchanging of agreement certificates between Neelesh Man Singh Pradhan, chief executive officer of NCHL and Nirmal Dahal, team leader of Sakchyam, as per a press statement.

The partnership aims to extend payment infrastructure for an integrated mobile and web-based payment services such that it will support in establishing an efficient and reliable digital payment ecosystem in Nepal.

The three major ventures of this project are promotion, awareness and training of connectIPS e-Payment system; development and rollout of NPI; and extension of SGF.