Kathmandu, June 17 : Nepal Association of Tour & Travel Agents (NATTA) and Nepal Clearing House Ltd. (NCHL) have recently signed a Memorandum of Understanding (MoU) for automating the former’s payment processes directly through the bank accounts. The MoU was signed by C.N. Pandey, President of NATTA and Neelesh Man Singh Pradhan, CEO of NCHL.
As per the MoU, the systems of the member agents of NATTA will be integrated with NCHL’s payment systems, namely NCHL-IPS and connectIPS e-Payment systems through which all the payment transactions will be processed. With this, the transactions related to their disbursements and payments will be automatically credited into the respective beneficiary accounts held at any of the 76 banks and financial institutions (BFIs).
The newly forged partnership between the oeganisations also assists the customers to make online payments regarding the various tour packages or travel tickets purchased by them through connectIPS or from the branches of any of the BFIs.
Similarly, it provides many travel and tour agents of the country a digital platform for processing their transaction directly from the bank accounts.
