NMB Capital Also Joins NPS

8th August 2022, Kathmandu

NMB Capital Ltd. (NMBCL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payment processes, including disbursements and collections, through NCHL payment systems.

The agreement was signed by Mr. Deepesh Kumar Vaidya, CEO of NMBCL, and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.

With this, NMB Capital will be the first merchant bank to automate its payments by directly integrating its systems with the National Payments Interface (NPI) of NCHL, enabling the company to access various digital instruments available under the National Payment Switch.

It will fully support automating various disbursement and collection transactions through NCHL-IPS and connect-IPS systems. Such transactions will be processed directly between the bank accounts of NMB Capital and its beneficiary/ customers at any BFIs.

NPI is a consolidated interface for interconnection with multiple underlying payment systems of NCHL, which is now a part of the National Payment Switch.

It has over 59 BFIs within the network and is being used by 73 non-bank institutions including PSPs/PSOs, insurance companies, remittances, merchant banks, Government, Semi-Govt institutions, large corporates, etc.

NMB Capital Limited (NMBCL) is into merchant and investment banking, established as a wholly owned subsidiary of NMB Bank Limited and provides services related to managing public offering and underwriting of securities, providing trusteeship services for issuance of bonds, debentures, and other marketable securities for over a decade.

It has managed numerous public issues including major public issues in the country so far. It has focused on being innovative in the design and delivery of service, hence emboldening digital services for better service delivery and customer convenience.

This engagement for automation of payment by NMBCL is expected to further improve its service delivery.

For more information, visit www.nchl.com.np.