About Nepal Clearing House Ltd.

Nepal Clearing House Ltd. (NCHL) is Nepal’s central payment systems operator responsible for managing the country’s digital financial infrastructure, including interbank clearing, settlement, and electronic payment systems. Established in 2008 under the guidance of Nepal Rastra Bank and jointly owned by the central bank along with various commercial and development banks, NCHL plays a key role in enabling secure and efficient money transfers between financial institutions. It does not operate as a bank itself but instead provides the backbone for Nepal’s digital transactions. Its major services include connectIPS for real-time fund transfers and bill payments, NCHL-IPS for interbank payments, Electronic Cheque Clearing (ECC) for digitized cheque processing, NEPALPAY QR as the national QR payment standard, CORPORATEPAY for bulk and corporate transactions, and connectivity to RTGS for high-value settlements. In essence, NCHL powers much of Nepal’s digital banking ecosystem, making transactions between banks faster, safer, and more interconnected.