Nirdhan Utthan Laghubitta Bittiya Sanstha joins NPS

Jan 24, 2023 04:32 PM Merolagani

Nirdhan Utthan Laghubitta Bittiya Sanstha (NULBSL) has signed an agreement with Nepal Clearing House Ltd. (NCHL) for automating its various payment processes, including disbursements and collections through NCHL payment systems.

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.

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