CORPORATEPAY Surpasses 20000 Business Enrollments | Nepal Digital Payments
29th March 2025, Kathmandu
CORPORATEPAY, as a business payments platform, has surpassed 20,000 institutional enrollments, marking a significant milestone in Nepal’s digital transformation of business transactions.
CORPORATEPAY Surpasses 20000 Business
It has processed transactions equivalent to NRs 714 billion in the first 8 months of this fiscal year, compared to NRs. 800+ billion in the entire year of the last fiscal year.
This achievement highlights the increasing adoption of digital channels by SMEs and MSMEs to streamline their financial transactions.
CORPORATEPAY has witnessed remarkable growth in its user base, driven by its comprehensive and multi-banking digital payment & financial services.
The platform is currently utilized by various institutions, including small & medium businesses, government & non-government entities, and financial organizations. It supports seamless fund transfers, government revenue and salary payments, contributions to Employee Provident Fund(EPF), Citizen Investment Trust(CIT), Social Security Fund(SSF), vendor and service payments, as well as bulk transactions for utility and creditor settlements.
The platform allows for managing multiple bank accounts with necessary operating mandates for payments, fund & receivable management, and other banking services.
The transaction limit in the system for real-time through retail payment switch (RPS) and non-real-time through NCHL-IPS is NRs 1 Crore (same bank), NRs 20 lakh (different banks) in RPS, and up to NRs 20Cr in NCHL-IPS.
Business enterprises can initiate an online registration process from corporatepay.connectips.com with their company details, assign hierarchical roles to the users, and select bank account details to complete the one-time online registration process.
After the respective bank approves the registration, based on the documents submitted or available with the bank, the activation process will be completed. The enterprise may also contact its bank for manual enrollment.
For more information: CORPORATEPAY Surpasses 20000 Businesses
