22nd July 2023, Kathmandu
Nepal Clearing House Ltd. (NCHL) has been awarded the Certificate of Merit in the National Best Presented Award (BPA) 2022 under the category of Financial Services Sector in the annual event organized by the Institute of Chartered Accountants of Nepal (ICAN).
The award has been entitled on the basis of the evaluation of NCHL’s annual report & disclosures for the fiscal year 2078/79 and recognized by ICAN.
NCHL in previous years had also been recognized as the 1st Runner-up by ICAN in the Public Sector category and was later awarded at SAARC region for the year 2018 in the category Public Sector Entities under ‘SAFA Best Presented Annual Report Awards’.
Similarly, it was awarded first position in ICAN’s Best Presented Award (BPA) 2019 under Public Sector and recognized as Second runner in the same year by SAFA.
Corporate governance and disclosures are something that NCHL has inherited as its DNA from its promotors including Nepal Rastra Bank and the banks & financial institutions.
NCHL believes that it will be key for building trust in the industry and the general public.
And through public trust, it is possible to positively impact the development of the digital payments industry. The BPA Award for 2022 is the testimony of the disclosures and detailing of the annual financial reporting being published each year by NCHL.
NCHL has implemented and has been operating multiple national payment, clearing and settlement systems in Nepal, including NCHL-ECC, NCHL-IPS, connectIPS e-payment, connectRTGS, National Payments Interface (NPI), and CORPORATEPAY with participation of almost all BFIs, insurance companies, remittance, merchant banks, PSPs, PSOs, Government & Semi-Government entities and others as indirect/ technical members.
And with the recent rollout of Retail Payment Switch (RPS) under National Payment Switch (NPS), it has implemented NEPALPAY QR as an interoperable QR network and scheme. It is soon implementing a domestic card scheme (NEPALPAY) as part of the NPS.
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