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Easylink Remittance joins NCHL July-16-2020
Easylink Remittance joins NCHL

Easylink Remittance (P.) Ltd. joins Nepal Clearing House Ltd. as indirect member for using National Payments Interface (NPI) to process its remittance transactions directly into the beneficiary’s bank accounts. Easylink will now be able to process their remittance transactions through underlying payment systems of connectIPS e-Payment for real-time transactions and through NCHL-IPS system on deferred basis for mid to high value payments. This is expected to considerably improve service delivery of Easylink for direct to bank account based remittance.

NPI is a consolidated interface for interconnection with multiple underlying core systems and is designed to facilitate the participants to initiate and process their payments. connectIPS and NCHL-IPS has 52 and 63 member BFIs respectively within its network. It has already been enrolled by over 7 remittance companies including IME Ltd., City Express Money Transfer, GME Remit, Bhatbhateni Remit, Cashway Money Transfer, Ipay Remit and Lalit Money Transfer. It has other 34 non-bank institutions including PSPs/PSOs, insurance companies, remittances, merchant banks, Government/ Semi-Govt institutions as its indirect/ technical members.

EasyLink Remittance (P.) Ltd. is one of the first remittance companies in Nepal established in 1999 and has been contributing to benefit the Nepalese residing & work overseas and who wish to send money home in a much safer, faster and reliable way. With the main objective to deliver quality remittance services at affordable fee, it has been thriving to create value through strategic alliances both globally and within the nation.