NIBL on board connectIPS

KATHMANDU: Nepal Clearing House Ltd (NCHL) has on-boarded Nepal Investment Bank Ltd (NIBL) in the connectIPS e-Payment.

NIBL has been catering its customer from 82 branches, 120 ATMs, 14 extension counters, 10 revenue collection counters and 54 branchless banking counters, and with the addition of connectIPS, the customers of NIBL will now be able to initiate online payments through connectIPS with all transactions processed directly through the bank accounts.

This is expected to support the bank in providing alternate digital channels to its customers through which the bank customers can avail the services of online fund transfer, e-commerce payment, creditor/biller payments including government tax, Loksewa application fee, Office of Company Registrar payments, Citizen Investment Trust loan repayment, Social Security Fund payment, credit card bill payments, mobile wallet top-up, capital market related payments, among others, as per a media release.

NIBL will also be able to add services within connectIPS by enrolling its merchants as global creditors, which will be accessible to the customers of other member BFIs also.

NIBL’s customers can enrol and link their bank accounts(s) with one-time verification from the bank, after which they can use the system.