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CorporatePAY

CorporatePAY

CorporatePay is a digital payment platform designed especially for businesses. Whether you’re a small business or a large corporation, CorporatePay lets you make payments, manage vendors, and process payroll—all from linked bank accounts, with control, speed, and ease. It’s powered by NCHL so you benefit from interbank connectivity and trusted security.

How it works

CorporatePay connects business accounts across multiple banks into a single, centralized platform. Corporate entities can initiate payments, approve transactions, and monitor all activities in real time securely and efficiently.

Features

  • Real-time transfers – Make payments instantly within the same bank or across other member banks under NCHL.
  • Bulk payments – Handle multiple transactions together, such as salaries, vendor bills, and supplier payments.
  • Government & institutional payments – Pay taxes, customs, SSF, EPF, CIT, and other official payments directly.
  • Multi-bank access – Link and manage multiple bank accounts through one secure platform.
  • User control – Assign initiator/approver roles with transaction limits for secure authorization.
  • Account management – Check balances, mini-statements, and transaction history with ease.
  • Convenient & secure – Save time and costs by reducing paperwork and branch visits, while ensuring transactions are protected with NCHL’s security standards.
  • Efficiency – Saves you time and cost on various transactions such as Payroll processing, vendor payments, etc.

Detailed Reporting – Features functionality to extract clean and detailed records of transactions; you can generate and download bank statements in both Excel and PDF formats.

Requirements / Eligibility

  • Be a registered corporate entity (company, firm, or organization)
    Hold one or more active business accounts with our bank (or member banks)
  • Submit required documents to verify identity, business registration, and authorized signatories
  • Provide email/contact information for login credentials and communications
  • Agree to bank’s terms and conditions on payments, security, and user roles
  • Complete onboarding / registration process as defined by the bank

Documents to be submitted to the Bank to enroll

  • Board Resolution or Authority Letter to avail CorporatePAY 
  • Enrollment Request Form downloaded from email of admin user 
  • CorporatePay Enrollment Form 
  • Updated KYC Form of all Users of the service

To avail the CorporatePay service, please visit your nearest branch with the documents mentioned above.

How to Signup “Getting Started with CorporatePay”

Enrolling in CorporatePay is simple and secure.

  • Step 1: Prepare Documents- Board Resolution or Authority Letter and User Enrollment Form.
  • Step 2: Nominate Users: Assign roles: Admin, Approver, Initiator, and Reporter.
  • Step 3: Self-Register: Admin visits: https://corporatepay.connectips.com and Completes registration and prints “Enrollment Request Detail Form”
  • Step 4: Submit Documents to Bank: Visit bank’s nearest branch with all documents.
  • Step 5: Activate Login: Admin & users receive login emails to set up access.
  • Step 6: Start Using CorporatePAY: Login and start managing corporate payments digitally

User Role(s) and Authority for CorporatePAY

1. Admin

  • The Authorized signatory for corporatePay documentation, acting on behalf of the organization.
  • Can initiate the self-registration process.
  • Has authority to manage users, including enrolling, disabling, re-sending activation links, adding new users, and approving forgotten password requests.
  • Is responsible for linking various bank accounts.
  • May edit and approve users’ mobile numbers and email addresses.
  • No rights to engage in banking activities or perform transactions.

2. Initiator

  • Authority to initiate transactions
  • Can submit transactions from the Repair Queue
  • Can download transaction reports
  • Ability to view and download the bank statement

3. Approver

  • Authorized to approve transactions.
  • Can reject transactions.
  • May send transactions for repair or modification
  • Can download transaction reports
  • Ability to view and download the bank statement

4. Reporter

  • Ability to view and download the bank statement
  • Can download transaction reports

Note

  • For adding users, other accounts, or changing the signature matrix, new Board Resolution is required.
  • An individual may be assigned multiple roles, including Admin User, Approver, and Initiator, using the same mobile number and email address. However, the user credentials/User ID will differ for each role.
  • There can be multiple Initiator, Approver and Reporter but there will always be single Admin only.

Cost and Fees

  • Enrollment Fee: Nil
  • Renewal Fee: Nil
  • Transaction Fee: As prescribed by NCHL, based on the transaction channel selected by the customer.
  • Or as per Scheduled of Service Charges

To avail the CorporatePay service, please visit your nearest branch with the documents mentioned above.