December 10, 2020 | Investopaper
Global IME Bank Limited has entered into an agreement with Nepal Clearing House Limited to launch a corporate pay system for its institutional customers to make digital payments from bank accounts.
The agreement has been signed by Shanta Siwakoti, Head of Financial Resource Management Department of Global IME Bank Limited, and Nilesh Man Singh Pradhan, Chief Executive Officer of Nepal Clearing House Limited.
Through the digital platform provided by the bank to its business customers, customers will be able to easily make various other business payments including fund transfer, salary payment, vendor payment, government revenue payment without going to the bank.
Similarly, real-time or non-real-time payment transactions can be made through Connect IPS or NHCL-IPS through this system. Multi-layer Authentication is used to secure access to this system. Customers can also link more than one bank account in this system as per their requirements.
Global IME Bank has been providing a variety of digital payment platforms for its customers. The launch of this Corporate Pay system will further help the bank to provide digital payment services to its business customers.
The bank said that after the use and extension of this system, various payments can be made online without having to physically reach the bank.