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Kamana Sewa Switches to Connect IPS e-Payment System

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September 27: Kamana Sewa Bikash Bank has started connect IPS online payment system in collaboration with Nepal Clearing House. The bank signed the agreement with Nepal Clearing House amid a function on Wednesday, September 26.

According to the agreement, the bank’s customers can make transactions up to Rs 100,000 through the system.   For this, the customers shall enroll and link their bank account for one-time verification from their respective banks through www.connectips.com.

Following the agreement, the customers can carry out online transactions including fund transfer, online payment   and bill payments from their own bank accounts, reads a press statement issued by Nepal Clearing House. The system has been subscribed by 41 different banks and financial institutions in the country.

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