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June 5, 2017

Everest Bank, Best Remit team up for remittance payment

By Prasad

Everest Bank (EBL) has partnered with money transfer firm Best Remit to deliver remittance payment received through its online money transfer solution Everest Remit.

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The Nepal-based lender is currently offering the service through its web based product, Everest Remit, which is available to the Nepalese who are working in the UAE, Qatar, Bahrain, Oman, Malaysia, the UK, the US, Japan and Korea.

EBL also plans to extend its money transfer services to other corridors in due course.

The lender has partnered with various foreign banks/agencies, including EZ Remit, Xpress Money Transfer, MoneyGram, Western Union Money Transfer and Cash Express to facilitate inward remittance and foreign trade.

EBL said: “These arrangements have facilitated the Bank for inward remittance from worldwide. Similarly, Bank is receiving remittance from India through its Joint Venture partner Punjab National Bank’s product INREMIT (INDO Nepal Remittance).

“Under this facility customer can instantly remit money from Punjab National Bank (PNB) India to EBL through any branch of PNB or Mobile/Internet Banking Facility of PNB and through Business Correspondent locations of PNB.”

EBL currently offers banking services through its domestic network of 60 branches, six extension counters, 25 revenue collection counters, 86 ATMs and nearly 5000 payout agents/business correspondents across the country.

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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