Nepal Clearing House

Electronic Cheque Clearing (NCHL-ECC) is an image-based, cost-effective, MICR (Magnetic Ink Character Recognition) cheque processing & settlement solution where an original paper cheque is converted into an image for electronic processing of the financial transactions between participating member Banks/FIs. NCHL-IPS is an interbank fund transfer system where bulk or one-to-one transaction from any of the participating member banks & financial institutions (BFIs). National Payment Switch (NPS) is the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. It provides multiple channels of web portals, mobile apps, payment gateway, and open APIs for initiating and processing transactions for the customers of the member banks and financial institutions (BFIs). National Payments Interface (NPI) is the consolidated Application Programming Interfaces (APIs) of multiple payment systems hosted by NCHL or any other institutions built in an Open API platform concept. It currently provides access to NCHL-IPS system and RPS underlying payment systems with the overlaying services built on top of the platform. CORPORATEPAY system is a business payments platform that allows the corporate and business customers of the member banks & financial institutions (BFIs) for initiating digital payments from any of the accounts maintained at member banks. It provides immediate realization of funds and minimizes the settlement risk of the other payment systems.