NCHL-IPS is an interbank fund transfer system where bulk or one-to-one transaction from any of the participating member banks & financial institutions (BFIs). It supports account-to-account payments (Direct Credit) and collection (Direct Debit) related transactions.

National Payment Switch (NPS) is the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. It includes Retail Payment Switch (RPS) for handling retail (non-card) based transactions and retail instruments, whereas National Card Switch (NCS) included card switch and domestic card scheme.

connectIPS e-payment system is a faster payment system implemented as a standardized single payment platform for real-time retail payments. It provides multiple channels of web portals, mobile apps, payment gateway, and open APIs for initiating and processing transactions for the customers of the member banks and financial institutions (BFIs).

National Payments Interface (NPI) is the consolidated Application Programming Interfaces (APIs) of multiple payment systems hosted by NCHL or any other institutions built in an Open API platform concept. It currently provides access to NCHL-IPS system and RPS underlying payment systems with the overlaying services built on top of the platform.

CORPORATEPAY system is a business payments platform that allows the corporate and business customers of the member banks & financial institutions (BFIs) for initiating digital payments from any of the accounts maintained at member banks.

Real Time Gross Settlement (RTGS) system supports the processing of high value and urgent transactions between the participating BFIs and for settlement of systemically important payment systems on net settlement basis. It provides immediate realization of funds and minimizes the settlement risk of the other payment systems. The central RTGS system is implemented and hosted by Nepal Rastra Bank (NRB).

NEPALPAY QR has been implemented by NCHL as per the NepalQR standards published by Nepal Rastra Bank and as part of the National Payment Switch which is mandated by NRB to establish and operate a national QR scheme/network and internetwork transaction & settlement. It works as an independent QR scheme and allows QR interoperability at the Marchant level and network level.

EFT Card Services refer to the centralized switching solution, offered to member BFIs for processing of card transactions including card issuance and acquiring of various national and international payment networks. The service facilitates routing of card transactions across channels such as ATM, POS and e-commerce. Currently, there are over 4 Million cards in circulation, 1,600+ ATMs and 10,000+ POS machines operated by 11-member BFIs.

National Archive is an additional service provided to the member BFIs to access old transaction details processed through NCHL systems. All transactions older than three months (as per current archive policy) are moved from the NCHL system to the National Archive system to store the transactions for a longer period (7 years as per current archive policy). Member banks need to contact NCHL to access such old transactions.