About
connectIPS is Nepal's account-linked payment platform, run by Nepal Clearing House Ltd (NCHL), a company promoted by Nepal Rastra Bank and the country's banks and financial institutions. Users enrol on the web portal or mobile app, link one or more bank accounts, and pay straight from them for person-to-person transfers, merchant checkouts and government payments such as taxes. It has 51 member banks and financial institutions, and online shops and government agencies appear as connected billers. Nepal Rastra Bank reports that connectIPS processed more than 50 million transactions worth about NPR 4.1 trillion in FY 2022/23.
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