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Thamel Remit Pvt Ltd, a recent member of Nepal Clearing House Limited (NCHL) has started using National Payment Switch (NPS) as the domestic rail for instant remittances. This membership enables remittance senders from the USA to push transactions to Nepal in a few seconds. Launched in 2013, Thamel Remit is one of the pioneer remittance companies in Nepal. Bal Krishna Joshi, co-founder of Thamel Remit says, “This integration makes Thamel Remit the first digital money transfer company enabling instant settlement in non-card based, bank to bank transactions from the USA to Nepal corridor.” This is the first of its kind whereby the National Automated Clearing House Association (NACHA) of the USA has been indirectly integrated with Nepal Payment Interface (NPI) via a remittance provider (Thamel Remit). All these transactions are processed through the underlying systems of NCHL-IPS and Retail Payment Switch (connectIPS).  NPI, as part of the National Payment Switch (NPS), is a consolidated interface for interconnection and operated by NCHL with access to real-time (RPS/ connectIPS) and non-real time batch (NCHL-IPS) payment systems. It has over 59 BFIs and 73 non-bank institutions. There are currently 13 remittance companies that are using NCHL’s payment systems as domestic rail for local disbursements through their respective settlement banks.

The Nepal Stock Exchange (NEPSE) gained 15. 92 points to close at 1,831.05 points on Tuesday. Similarly, the sensitive index plunged by 2. 54 points to close at 358. 14 points. A total of 2,107,742 unit shares of 229 companies were traded for Rs 66 billion. In today’s market, all sub-indices saw green except for Hotels and Tourism and Mutual Fund. Meanwhile, Samudayik Laghubitta Bittiya Sanstha Limited was the top gainer today, with its price surging by 9. 97 percent. Garima Debenture was the top loser as its price fell by 10 percent. At the end of the day, total market capitalization stood at Rs 2. 63 trillion.

The price of gold has dropped by Rs 400 per tola in the domestic market on Tuesday. With the price drop, the yellow bullion is being traded at Rs 91, 400 per tola today. According to the Federation of Nepal Gold and Silver Dealers' Association, the yellow metal was traded at Rs 91, 800 per tola on Monday. Meanwhile, tejabi gold is being traded at Rs 90, 900 per tola today. Similarly, the silver is being traded at Rs 1, 150 per tola.

The Nepal Stock Exchange (NEPSE) plunged by 23. 83 points to close at 1,815.13 points on Sunday. Similarly, the sensitive index dropped by 3. 83 points to close at 355. 60 points. A total of 4,014,419 unit shares of 228 companies were traded for Rs 1. 07 billion. Meanwhile, Aviyan Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 10 percent. Likewise, Tehrathum Power Company Limited was the top loser with its price dropped by 7. 90 percent. At the end of the day, the total market capitalisation stood at Rs 2. 60 trillion.