KATHMANDU, Dec 21: A formal agreement has been signed between Nepal Clearing House Limited (NCHL) and Guheshwari Merchant Banking and Finance Ltd for the launch of the first phase of National Payment Switch.
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The agreement has been signed by Rajesh Kumar Shrestha, Chief Executive Officer of Guheshwari Merchant Banking and Finance Ltd and Nilesh Man Singh Pradhan, Chief Executive Officer of NCHL.
The switch will be the primary basis for retail payments and will enable the finance company to provide additional services to its customers through various real-time, non-real-time and open APIs, according to a statement issued by the company.
