Nepal Clearing House Limited
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (June 2025) |
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| Company type | Public company |
|---|---|
| Industry | Electronic Payments and Settlements |
| Founded | 23 December 2008 |
| Headquarters | Kathmandu, Bagmati, Nepal |
Key people |
|
| Products |
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| Owner | Nepal Rastra Bank (9.45%)
Bank and Financial Institutionals (90.55%) |
Number of employees | 170+ |
| Website | nchl.com.np |
Nepal Clearing House Ltd. (NCHL) is a public limited company established on December 23, 2008, under the guidance of Nepal Rastra Bank, the Central Bank of Nepal. It operates as a joint venture with equity participation from Nepal Rastra Bank, commercial banks, development banks, and finance companies. NCHL provides technology-based payment solutions to Banks and Financial Institutions (BFIs) to enhance efficiency, productivity, and innovation in financial services, minimizing their investment in infrastructure.[1][2]
Products
[edit]𝘤𝘰𝘯𝘯𝘦𝘤𝘵IPS
[edit]𝘤𝘰𝘯𝘯𝘦𝘤𝘵IPS is a standardized real-time payment system launched on October 28, 2018, by Nepal Clearing House Limited (NHCL) under the guidance of Nepal Rastra Bank. It supports customers of 44 banks and financial institutions (BFIs), allowing them to link multiple accounts for various transactions, including online fund transfers, government revenue payments, creditor payments, and e-commerce.[3]
The platform is accessible through web portals, mobile apps, APIs, and payment gateways, with no need for intermediary platforms like eSewa or Khalti. Currently, 32 BFIs are operational within the system.[4]
CORPORATEPAY
[edit]CORPORATEPAY is a digital payment platform designed for corporate and business clients of member banks and financial institutions (BFIs). It enables businesses to initiate payments from any of their bank accounts, offering real-time payments via the 𝘤𝘰𝘯𝘯𝘦𝘤𝘵IPS system and non-real-time bulk transactions through the NCHL-IPS system. The platform also includes robust multi-user controls to support secure and efficient business transactions.[5]
EFT Card Services
[edit]Electronic Cheque Clearing (NCHL-ECC)
[edit]Interbank Payment System (NCHL-IPS)
[edit]National Archive System
[edit]National Payments Interface (NPI)
[edit]National Payment Switch (NPS)
[edit]The National Payment Switch (NPS) in Nepal serves as a unified system for routing and settling retail transactions. It ensures interoperability for both card-based and non-card-based payments, streamlining digital transactions across the country. Key components include the Retail Payment Switch (RPS) for non-card-based payments and the National Card Switch (NCS) for card-based transactions, enhancing accessibility and efficiency.[6]
NPIx Cross-Border
[edit]NEPALPAY
[edit]NEPALPAY is Nepal's domestic Card scheme, equipped with both Magnetic stripe (for Backward compatibility) and an EMV chip for secure transactions. While currently accepted nationwide at ATMs, Point-of-Sale terminals, and online merchants, there are plans to enable international acceptance in the future, broadening its usability beyond Nepal's borders.[7][8][9]
NEPALPAY QR
[edit]NEPALPAY QR developed by NCHL under NepalQR standards[10], NEPALPAY QR is an innovative payment system offering compatibility across merchants and networks. Integrated into the National Payment Switch, it supports both static and dynamic QR codes, ensuring smooth transactions for users and businesses alike.[11]
NEPALPAY QR enables QR-based transactions where users can effortlessly make payments via mobile apps, digital wallets, or connectIPS by simply scanning a QR code. Key Features:
- APIs for managing merchants and facilitating inter-network transactions.
- A QR-based payment gateway and the NEPALPAY Business App for merchants.
- Compatible with banking apps, digital wallets, and the connectIPS mobile app.
- Customers can scan NEPALPAY QR codes using supported apps for instant payments. Look for the NEPALPAY logo in your app's QR scan option to confirm compatibility.
NEPALPAY QR simplifies payments, fosters interoperability, and enhances the convenience of digital transactions across Nepal.[12]
Real Time Gross Settlement (RTGS)
[edit]Retail Payment Switch (RPS)
[edit]References
[edit]- ^ "Nepal Clearing House Limited Introduction". Retrieved 14 April 2025.
- ^ "Nepal Clearing House Ltd". Retrieved 19 April 2025.
- ^ "Transforming banking transactions: The impact of connectIPS in Nepal". Retrieved 18 June 2025.
- ^ "Connect IPS: Payments made easier". Retrieved 19 April 2025.
- ^ "CORPORATEPAY - Corporate Portal User Manual" (PDF). Retrieved 18 June 2025.
- ^ "National Pyament Switch (NPS) & NEPALPAY Brand Guidelines" (PDF). Retrieved 25 April 2025.
- ^ "Nepal's Card Payment Switch goes official with the launch of Nepal Pay Card". April 2025. Retrieved 25 April 2025.
- ^ "NepalPay domestic card scheme goes live". Retrieved 25 April 2025.
- ^ "Nepal Clearing House Announces Readiness of NPS-NCS and NEPALPAY Card". 15 December 2016. Retrieved 25 April 2025.
- ^ "QR-Code Guidelines and Framework and Specifications" (PDF). Retrieved 25 April 2025.
- ^ "The Digital Payment System in Nepal: From Cash to Cashless Economy". Retrieved 18 June 2025.
- ^ "NEPALPAY QR now available on Mobile Banking of all commercial banks". 15 December 2016. Retrieved 19 April 2025.