Everything Nepali businesses need to know about CorporatePay in 2026 — how it works, which banks support it, fees, transaction limits, and how to enroll.
Every month, finance teams across Nepal's corporate offices spend hours cutting cheques, logging into different bank portals, and chasing confirmation slips for salary runs. For a company with two hundred employees scattered across multiple banks, that process is not just slow — it is a liability. CorporatePay, the bulk digital payment platform developed and hosted by Nepal Clearing House Limited (NCHL), was built precisely to end that cycle. In 2026, it has become the standard tool for any serious business moving significant money in Nepal.
What Is CorporatePay?
CorporatePay (officially styled CORPORATEPAY) is a corporate cash management platform developed by NCHL — the same institution that runs connectIPS and the NCHL Interbank Payment System (NCHL-IPS). Think of it as a mini-bank portal for corporate treasuries: one login, multiple bank accounts at multiple institutions, all accessible from a single dashboard.
The platform is accessible at corporatepay.connectips.com. It is not a separate fintech startup product — it is infrastructure-grade software built and maintained by the entity that runs Nepal's national payment rails.
CorporatePay supports two modes of payment:
- Real-time credit via connectIPS — funds reach the beneficiary instantly, up to NPR 20 lakh per transaction.
- Non-real-time batch processing via NCHL-IPS — bulk files are settled in sessions throughout the day, with a transaction ceiling of NPR 3 crore (Rs 30 million) per transaction. Banks can apply to NCHL for higher limits based on the corporate's business profile.
An earlier ceiling of NPR 2 crore was revised upward as usage grew. Reports from NCHL indicate that the daily transactional value flowing through the platform now runs into billions of rupees, with corporate salary disbursement accounting for a dominant share.
Which Banks Support CorporatePay in Nepal?
Because CorporatePay is an NCHL product, any bank that is an NCHL member can offer it. As of 2026, that list covers the majority of Class A commercial banks and several development banks. The following are confirmed participants:
| Bank | Type | CorporatePay Page |
|---|---|---|
| Nabil Bank | Commercial (Class A) | nabilbank.com/services-payments/services/business/corporatepay |
| NIC Asia Bank | Commercial (Class A) | nicasiabank.com (NCHL agreement signed with CEO Roshan Kumar Neupane) |
| Global IME Bank | Commercial (Class A) | Supported via NCHL-IPS membership |
| Sanima Bank | Commercial (Class A) | Supported via NCHL-IPS membership |
| Kumari Bank | Commercial (Class A) | kumaribank.com/corporate-pay-services |
| Laxmi Sunrise Bank | Commercial (Class A) | laxmisunrise.com/corporatepay |
| Nepal Investment Mega Bank (NIMB) | Commercial (Class A) | nimb.com.np/digital-banking/services/others/corporate-pay |
| Himalayan Bank | Commercial (Class A) | Supported via NCHL-IPS membership |
| Machhapuchhre Bank | Commercial (Class A) | Supported via NCHL-IPS membership |
Several development banks — including Garima Bikash Bank, Muktinath Bikash Bank, Mahalaxmi Bikash Bank, and Kamana Sewa Bikash Bank — are also listed as CorporatePay participants. The full, current member list is maintained on the NCHL website at nchl.com.np/corporatepay.
What Can Businesses Actually Do With It?
CorporatePay is not limited to payroll. The platform handles any large-volume payment a corporate treasury needs to make, across six broad use categories:
- Bulk salary disbursement — upload a formatted file, approve it through the maker-checker workflow, and salaries hit hundreds of employee accounts in a single session. No individual transfers, no cheque signing.
- Vendor and supplier payments — settle invoices across multiple vendor accounts without logging into each bank separately.
- Government revenue payments — pay taxes, customs duties, and other state dues through the Department of Customs (DOC) integration and other government channels that NCHL has built into the system.
- Loan repayments — companies managing inter-company loans or repayments to BFIs can process these through the platform.
- Utility and insurance settlements — regular recurring obligations can be batched.
- Collection (direct debit) — NCHL-IPS supports direct debit mandates, allowing businesses to pull dues from customer accounts with proper authorisation.
Critically, all of this is done without being physically present at a bank branch. Nepal's infrastructure constraints — traffic in Kathmandu, branch queues, courier cost to remote districts — make this a practical gain, not merely a convenience.
Transaction Fees and Limits
Enrollment in CorporatePay is free. There is no annual renewal fee. The charges that apply are per-transaction processing fees levied by NCHL, which banks then pass on to corporate clients (often with their own service margin on top).
As per NCHL's consolidated fee schedule (updated April 2025):
| Transaction Mode | Amount Band | NCHL Processing Fee |
|---|---|---|
| Batch / Session (NCHL-IPS) | Up to NPR 500 | NPR 2 |
| Batch / Session (NCHL-IPS) | NPR 500 – 50,000 | NPR 5 |
| Batch / Session (NCHL-IPS) | Above NPR 50,000 | NPR 10 |
| Real-time (connectIPS) — On-Us | Any amount | NPR 2 flat |
| Real-time (connectIPS) — Off-Us | Up to NPR 500 | NPR 2 |
| Real-time (connectIPS) — Off-Us | NPR 500 – 5,000 | NPR 4 |
| Real-time (connectIPS) — Off-Us | Above NPR 5,000 | NPR 8 |
To put that in perspective: a batch salary run for 200 employees — each receiving, say, NPR 60,000 — costs the company NPR 10 per transaction in NCHL processing fees, or NPR 2,000 total for the entire disbursement. The equivalent cost in bank branch time, paper, and cheque processing is multiples of that. Individual banks may add their own service charges on top of NCHL fees, so check your bank's corporate tariff schedule.
How the Maker-Checker System Works
CorporatePay uses a role-based authorisation model that reflects how corporate treasuries actually operate. There are three levels:
- Maker — initiates a payment or uploads a bulk file.
- Checker / Verifier — reviews the transaction and flags errors.
- Approver — gives final authorisation before funds move.
Businesses define their own signature matrix during enrollment: which combinations of users can authorise which transaction amounts. A company might require two approvers for any payment above NPR 50 lakh, and a single approver for smaller amounts. This mirrors the authorisation structure most companies already have internally, and it gives the finance department an auditable trail for every payment — something that a cheque book or a shared online banking password cannot reliably provide.
All sessions are protected by two-factor authentication (2FA) via Google Authenticator, adding a second layer beyond the login password.
How to Enroll in CorporatePay
The process has four stages and typically takes three to five working days from start to first live transaction:
- Online pre-registration — the designated corporate admin visits corporatepay.connectips.com/#/register and fills in company details, user details with KYC information, and the proposed signature matrix (who approves what). The system generates an Enrollment Request Detail Form for printing.
- Bank branch submission — the admin takes the printed form along with supporting documents (company registration, PAN, authorised signatory details) to the nearest branch of their participating bank, or contacts their relationship manager directly. The branch reviews KYC, verifies authorised users, and submits to NCHL.
- Account activation — once the bank approves, each user receives an activation email. Users must click the link within 72 hours, enter an SMS OTP, set a password, and link Google Authenticator for 2FA.
- First payment test — most banks recommend running a small test transaction before the first live salary batch.
For companies that already have an existing corporate banking relationship, the process is faster because KYC is already on file. Nabil Bank's direct line for CorporatePay queries is +977 1 5971871 and +977 1 5970015; other banks route the request through their relationship management desks.
Why This Matters More Than a Manual Transfer
Nepal's corporate sector still moves large sums by cheque. A 2024 NCHL payment oversight document noted that electronic cheque clearing (NCHL-ECC) still processes millions of cheques annually, suggesting that the shift to fully digital corporate payments is incomplete. The practical case for CorporatePay over manual processes comes down to five things:
- Cost — NPR 10 maximum per transaction through NCHL-IPS versus the full burdened cost of a physical cheque (paper, authorisation time, courier, reconciliation errors).
- Speed — batch payments settle within the same business day in scheduled NCHL-IPS sessions; real-time connectIPS payments are instant.
- Audit trail — every transaction in CorporatePay is logged with maker, checker, approver identity and timestamp. This satisfies both internal audit and NRB inspection requirements.
- Multi-bank, single interface — a company with accounts at Nabil, NIC Asia, and Global IME can pay from all three from one login, rather than logging into three separate internet banking portals.
- Regulatory alignment — Nepal Rastra Bank's unified directives on payment systems actively encourage BFIs to migrate corporate clients away from paper-based instruments. Being on CorporatePay puts a company on the correct side of where NRB policy is heading.
NRB's Role and the Regulatory Picture
CorporatePay operates under the authority of Nepal Rastra Bank's Payment Systems Department, which licenses and oversees NCHL. The legal framework rests on the Payment and Settlement Act 2019 and subsequent NRB directives. NRB's payment oversight report for 2023–24, published in January 2025, confirmed that NCHL-IPS and connectIPS collectively form the backbone of Nepal's interbank payment infrastructure, with CorporatePay as the primary corporate access layer.
From a compliance standpoint, the platform's AML/KYC requirements align with existing NRB directives — meaning companies that enroll are not taking on new compliance burdens, they are simply moving existing ones into a more auditable digital system.
Frequently Asked Questions
Is CorporatePay the same as connectIPS?
No, though they share infrastructure. connectIPS is the real-time retail and corporate payment system. CorporatePay is a separate corporate portal that sits on top of NCHL's payment rails — it can route payments through both connectIPS (for real-time) and NCHL-IPS (for batch). You access CorporatePay at corporatepay.connectips.com, not through the consumer connectIPS app.
What is the maximum I can send through CorporatePay?
For non-real-time batch payments via NCHL-IPS, the ceiling is NPR 3 crore (Rs 30 million) per transaction. For real-time payments via connectIPS, the per-transaction limit is NPR 20 lakh (Rs 2 million). Banks can request higher limits for specific corporates through NCHL. Earlier reports quoted NPR 2 crore as the limit; this has since been revised upward.
How long does it take to set up CorporatePay?
Allow three to five working days from submission of the enrollment form at your bank. Companies with existing corporate KYC on file at their bank often complete it faster. Once activated, there is no annual renewal — the account stays active as long as it is in use.
Can a company link accounts at multiple banks?
Yes. This is one of the platform's core features. A business can link accounts at Nabil, NIC Asia, and Global IME — or any other combination of NCHL member banks — and manage all of them from a single CorporatePay login. Payments can be initiated from any linked account.
What documents are needed to enroll?
Typically: company registration certificate, PAN/VAT registration, board resolution or authorised signatory letter, KYC documents for all listed users (citizenship or passport), and a completed signature matrix specifying each user's transaction authorisation limit. Your bank's corporate desk will provide a checklist specific to their requirements.
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