Amandement_NCHL_Sept_22
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Hamro Patro Remit starts digital remittance with NPS September-20-2022
Hamro Patro Remit starts digital remittance with NPS

Kathmandu, Hamro Patro Remit has signed an agreement with Nepal Clearing House Ltd. (NCHL) as indirect member of National Payment Switch (NPS) for local disbursement of its digital remittance. The agreement was signed by Ms. Sudina Gautam, CEO of Hamro Patro Remit and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.

 

Hamro Patro will now have access to various digital instruments under NPS through National Payments Interface (NPI), through Nepal Investment Bank Ltd. as its settlement bank, for automating its remittance transactions. All transactions will be credited directly into the beneficiary’s bank accounts and later enhanced for credit to various other instruments also. A remitter can initiate its remittance directly from Hamro Patro app, corresponding to which the beneficiary will instantly receive the remittance in its bank account. Other options of disbursements for digital remittance through various other instruments of NPS will also be rolled out gradually.

 

Hamro Patro Remit is fully digital remittance company licensed by Nepal Rastra Bank and is currently active for USA-Nepal remittance and has plans to extend to other territories in near future.  Hamro Patro is one of the most downloaded apps of Nepal and used extensively by those residing abroad. With the introduction of Hamro Patro Remit as an extended service of Hamro Patro, this is expected to largely support digital remittance to Nepal with added convenience of faster credit to the beneficiaries.

 

NPI, as part of the National Payment Switch (NPS), is a consolidated interface for interconnection and operated by NCHL with access to real-time (RPS/ connectIPS) and non-real time batch (NCHL-IPS) payment systems. Ithas over 59 BFIs and 73 plus non-bank institutions. There are currently 13 remittance companies that are using NCHL’s payment systems as domestic rail for local disbursements through their respective settlement banks.

           

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