MBL Customers now able to use NCHL's ConnectIPS service

MBL has also become a member of Nepal Clearing House Ltd.(NCHL)'s ConnectIPS platform. 

Connect IPS is a single payments platform that allows the customers to link their bank account(s) to enable payment processor, fund transfer and biller payments. 

With connectIPS e-payment system, the bank customers (having account at any of the BFIs) will be able to initiate a payment transaction online through its linked bank account and to be paid/ transferred to Creditor’s bank account. The bank customers will have to enroll and link their bank accounts (one time) through its bank to be able to initiate such transactions then after customer will be able to initiate online e-payment transaction (C2G/C2B/P2P) through their linked account from NCHL’s web portal ConnectIPS.com to any bank account, Business house or government agencies (eg Tax Office).  connectIPS facilitates payment processing, fund transfer and biller payments for transactions up to NPR 100,000.00 and is available 24/7.