On June 3, Nepal Clearing House Limited (NCHL) signed an agreement with UKaid’s Sakchyam - Access to Finance Programme (Sakchyam) to promote connect IPS e-Payments, establish National Payments Interface (NPI) and extend Settlement Guarantee Fund (SGF). The partnership was officially announced following the signing and exchanging of agreements between Neelesh Man Singh Pradhan, CEO of NCHL and Nirmal Dahal, Team Leader of Sakchyam.
According to a joint statement issued by the signatories, the event was organised in the presence of the executive directors of Nepal Rastra Bank (NRB), other officials of NRB and Presidents of Nepal Bankers Association, Development Banks Association and Nepal Financial Institutions Association.
The partnership aims to extend payment infrastructure for an integrated mobile and web-based payment services such that it will support in establishing an efficient and reliable digital payment ecosystem in Nepal. The three major ventures of this project include promotion, awareness and training of connectIPS e-Payment system; development and rollout of National Payments Interface (NPI); and extension of Settlement Guarantee Fund (SGF).
