KATHMANDU: NIC Asia has recently launched a new service of inter-bank payment system (IPS) direct through internet banking system in collaboration with Nepal Clearing House Ltd (NCHL).

With the launch of this service, accountholders of the bank availing internet banking service can now transfer funds to more than 60 financial institutions, including all the commercial banks which are associated with NCHL-IPS system, according to a media release issued on Wednesday. “The bank is the first financial institution in Nepal to incorporate NCHL-IPS fund transfer system through internet banking service. This service has been launched in continuation to serve our valued customers exclusively by offering an array of products and services reaffirming our commitment to focus on customers.”

The new service also comes in line with the bank’s ‘Bank Pani Saathi Pani’ brand promise where it claims to be committed to offer innovative services, and providing easy and convenient banking access for its customers.