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CORPORATEPAY

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. It allows the business customers to process real time payments through connectIPS e-Payment system and non-real time bulk payments through NCHL-IPS system, with all the necessary multi-user controls required for such business transactions.

 

CORPORATEPAY system is provided & hosted by Nepal Clearing House Ltd for its member Banks and Financial Institutions (BFIs).

Fund transfer, bulk transactions and various other service payments will be easy and convenient, yet it is secure and provides multi-layer authorization to complete a transaction for additional control. The transactions are processed without any intervention up to the limit assigned to the corporate by the respective member bank and the payments above the assigned limit will be processed with additional approval from the respective bank.:

 

Available Services:

• Interbank & Intra-bank Fund Transfers

• Salary Payments

• Vendor Payments

• Government Tax & Revenue Payments

• SSF, EPF, CIT Payments

• Creditor/ Service Payments

• Other payments

 

Features:

  • Single channel for multi-banking and multi-accounts.
  • Available on public and private network (for higher security and higher limits)
  • Secured with two-factor authentications and multi-user authorization to complete a transaction for security and controls.
  • Strong reports and reconciliation.
  • Flexible transaction limits that could be set by the bank. (transaction Limit may vary as per the respective member bank).  

 

How to Enroll?

  • Corporate needs to contact its nearest bank branch for further details and the process of enrollment.
  • Complete one-time enrollment process at the bank (normally enrollment form) with required supporting/ authorized documents and a list of authorized users.
  • Bank will enroll the corporate in the system, create users and apply authorization limits.
  • Obtain the login and other details through secured communication channel by each of the users.

 

List of Banks in CORPORATEPAY

Commercial Banks

  1. Sanima Bank Limited
  2. Himalayan Bank Limited
  3. Mega Bank Limited
  4. Machhapuchhre Bank Limited
  5. Global IME Bank Limited
  6. Nepal Bangladesh Bank Limited
  7. NIC Asia Bank Limited
  8. Civil Bank Limited
  9. NMB Bank Limited
  10. Prime Commercial Bank Limited*
  11. Nepal Credit and Commerce Bank Limited*
  12. Prabhu Bank Limited*
  13. Century Commercial Bank Limited*
  14. Nepal Bank Limited*

 

Development Banks

  1. Garima Bikash Bank Limited
  2. Muktinath Bikash Bank Limited*
  3. Mahalaxmi Bikash Bank Limited*
  4. Kamana Sewa Bikash Bank Limited*
  5. Shangrila Development Bank Limited*

 

Financial Institution

  1. Goodwill Finance Limited
  2. Reliance Finance Limited*
  3. ICFC Finance Limited*


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