Manjushree Finance Enters NCHL-IPS

April 13: Manjushree Finance has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement, NCHL will provide NCHL-IPS service for electronic payment system to the finance company. Neelesh Man Singh Pradhan, CEO of NCHL and Santosh Niraula, CEO of the finance company signed the agreement to this effect on April12.

Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. “Under this service customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments,” informs the service provider in a press statement.