Nepal Clearing House has on-boarded Rastriya Banijya Bank in the connect IPS e-Payment System on August 1. With this the customers of Rastriya Banijya Bank will now be able to initiate online payments through connect IPS with all transactions processed directly from the bank account.
This is expected to expand the digital payment ecosystem by providing access of multi-banking single payments platform to the customers of the bank. The bank customers can now avail the services of online fund transfer, e-commerce payment, creditor/biller payments including government tax, Loksewa application fee, Office of Company Registrar payments, Citizen Investment Trust loan repayment, credit card bill payments, mobile wallet top-up, capital market related payments and similar.
The bank’s customers can enrol and link their bank accounts, with one-time verification from the bank, after which they can use the system. The payments can be done by the customers from www.connectips.com, its mobile application or through payment processor (gateway) available on the service provider’s respective websites.
