Corporate Pay is a payment system developed to help institutional customers transfer small to large amounts in an affordable, convenient, and secure manner. Traditionally, payments made through cheques caused crowding at banks, required staff involvement, and led to delays or dependency on employees for cheque processing. To overcome these issues, Corporate Pay has become an essential solution for institutional customers.
Customers can securely transfer funds anytime — 24 hours a day, even on public holidays. This reduces the workload at the bank counter while ensuring that control and risk management remain with the customer. Corporate Pay can also be operated within the Connect IPS platform.
All institutional customers holding accounts at Agricultural Development Bank can use the Corporate Pay service.
• Transfer Limit: Connect IPS allows fund transfers up to NPR 20 lakh per day, whereas Corporate Pay supports larger fund transfers.
• Limit Control: Customers can set their own transaction limits in Corporate Pay.
• Security: Corporate Pay has 2-Factor Authentication for enhanced protection.
• Access Control: It supports a Maker-Checker (multi-user control) system, making transactions more secure.
Customers should visit corporatepay.connectIPS.com and complete the registration process. They must define Initiator and Approver roles, enter the respective users’ email addresses and mobile numbers, then download the Enrollment Form and submit it along with the required institutional documents to the concerned branch.
