NCHL signed an agreement with ProgressSoft Corporation for upgrading the existing NCHL-ECC (Nepal Clearing House Limited-Electronic Cheque Clearing System) to introduce Interbank Payment System. CEO of NCHL Mr. Neelesh Man Pradhan and Mr Yazan Goldstein representing the ProgressSoft Corporation signed agreement in presence of Nepal Rastra Bank Governer- Yubaraj Khatiwada
Nepal Clearing House Ltd. has its electronic clearing re-started for the foreign currency denominated cheques among its member Banks/Financial Institutions with its settlement process at Nepal Rastra Bank from 6th February onwards. Nepalese Currency (NPR) will also be going LIVE through the system in a glimpse.
iSolutions is the implementing partner of ProgressSoft for Electronic Check Clearing (ECC) project in Nepal. iSolutions and ProgressSoft are currently implementing the ECC system at NCHL.
iSolutions will provide all future ECC software related support to NCHL and banks; from customizations, to integration with CBS to training of end users at banks. ProgressSoft has implemented ECC at various countries, such as Oman, Jordan, Sudan, Bahrain, Qatar