Tuesday, May 21, 2019

NCHL launches e-pay offer


Kathmandu, May 19:
Nepal Clearing House Ltd. (NCHL) has launched an offer campaign "Connect Garnuhos Ru.100 Paunuhos" (get connected and receive Rs. 100) starting from 15 May 2019 for the users of the connectIPS e-payment system.
The users will receive up to Rs 100 in their bank account under this offer.
Any new user, who enrols in connectIPS e-payment system, including verification of their mobile number and e-mail, will be eligible for Rs. 30.
Upon successfully linking the first bank account, including bank verification, the users will be eligible for additional Rs. 70. The offer is valid for a limited period and will be applicable for the first-linked bank account which is created during the campaign period.
Users can participate from www.connectips.com or use its mobile app available on android and iOS.
connectIPS is a standardized single payments platform introduced by NCHL. The transactions are processed directly through the bank accounts and does not require any intermediary for the services like online fund transfer, e-commerce payment, mobile wallet top-up, creditor/biller payments including government tax payments, Loksewa application fee payment, credit card bill payments, capital market related payments and similar.
It has already been subscribed by 55 banks and financial institutions among which 48 BFIs are now in operations.
The current per transaction limit in the system is up to NRs. 100,000 for online (web) and up to NRs. 5,000 for mobile app.
 Published in The Rising Nepal daily on 20 May 2019. 

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