KATHMANDU: The Nepal Clearing House Ltd (NCHL) has launched CorporatePay system for business customers of the banks and financial institutions.
Officially inaugurated by the governor of Nepal Rastra Bank, Maha Prasad Adhikari, the CorporatePay system has been established as a business payments platform to enable digital transactions for the business and corporate customers of the banks and financial institutions.
The system ensures that business institutions will not have to depend on cash and cheques, rather use an alternate channel to initiate and process the payments as such payments will be processed through the underlying systems of connect IPS for real-time transactions and NCHL-IPS for non-real-time transactions.