Issuing a press statement, the company informed that the agreement was signed by Janardan Dev Pant, CEO of Nirdhan Utthan and Neelesh Man Singh Pradhan, CEO of NCHL.
The statement reads that with this, Nirdhan Utthan has become one of the early adopters to automate its payments by directly integrating its systems with National Payments Interface (NPI) of NCHL, enabling the company to access various digital instruments available under National Payment Switch. It will fully support automating various collection transactions such as saving deposits, EMI collections and various disbursement transactions such as salary payments, vendor payments, loan disbursements, tax payments, SSF, CIT, etc. Such transactions will be processed directly between the bank accounts of SKBBL and its beneficiary/ customers at any BFIs.