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ProgressSoft's Electronic Check Clearing Solution Runs Live in Nepal's Clearing House

ProgressSoft's Electronic Check Clearing Solution Runs Live in Nepal's Clearing House

Today, Nepal starts operating electronic clearing of checks with the live-run of ProgressSoft's Electronic Image-based Check Clearing Solution across the country. Following the awarding of this nationwide project by Nepal's Central Bank (Nepal Rastra Bank) to ProgressSoft last year, the solution has been deployed at Nepal Clearing House Ltd (NCHL) and rolled out to 120 banks and financial institutions, scattered across the country's area of 147,181 sq km.

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