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HomeFEATUREDThe amount of cashless payment transactions from NCHL is more than three...

The amount of cashless payment transactions from NCHL is more than three times the total consumer product

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Through various systems of NCHL. and In 2077-78, the cashless payment transaction was three times more than the total gross domestic product of Nepal.

NCHL has been operating various payment systems including NCHL ECC, NCHL IPS, Connect IPS, as well as channels used by banks, financial institutions, member payment service providers, government of Nepal and other organizations.

In the last fiscal year, NCHL has cleared a total of more than 44.7 million payment transactions, which is 117 percent more than the previous fiscal year.

In the same way, NCHL said that based on the amount, an amount equal to 13 trillion rupees, 20.9 million dollars, 24.9 million euros and 27.2 million GBP has been distributed through its various payment systems.

In this year, check turnover has increased by 21 percent, NCHL IPS by 94 percent and Connect IPS by 566 percent. According to the company, looking at the statistics, the growth of transactions through checks is becoming stable, while the use of digital payment systems is increasing significantly.

According to NCHL, the political efforts of the Government of Nepal and Nepal Rastra Bank to build a digital economy by increasing electronic payments and the situation created due to Covid-19 have played an important role in the acceptability and use of digital payments.

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