City Express Finance also on Interbank Payment System



Nepal Clearing House limited
Press Release

City Express Finance also on Interbank Payment System

Kathmandu, Nepal Clearing House Ltd. (NCHL), has enrolled City Express Finance Ltd. in the Interbank Payment System (NCHL-IPS), corresponding to which the customers of City Express Finance will now be able to avail direct credit (payment) and direct debit (collection) types of payment transactions to/from any of the member banks and financial institutions. NCHL-IPS provides payment services for customer transfer, remittance, treasury, dividend payment, fees payment, insurance premium, social security, salary/ pension, government payment, etc. between the members.

Nepal Clearing House Ltd. (NCHL), promoted by Nepal Rastra Bank, Banks & Financial Institutions and Smart Choice Technologies Ltd, has objectives to implement multiple national payment and settlement systems in Nepal. It has been operating NCHL-ECC for processing of paper based financial instruments, NCHL-IPS for processing of instruction based direct credit/ direct debit instruments and connectIPS e-Payment system for processing of electronic payments through alternate channels.

NCHL-IPS currently has over 75 banks & financial institutions as its direct members and other 3 institutions as indirect/ technical members.

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For Nepali:  सिटि एक्सप्रेस फाइनान्स पनि अन्तरबैंक विधुतीय भुक्तानी प्रणालीमा आवद्व

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