Nabil Bank, STAREMIT Co of SKorea ink partnership remittance agreement

Chief Executive Officer (CEO) of Nabil Bank, Anil Keshary Shah (left), and President/Chairman of Staremit Co Ltd, Rudra Sharma, sign partnership remittance agreement amid a programme held in Kathmandu, on Tuesday, November 23, 2021. Photo courtesy: Nabil Bank

KATHMANDU: Nabil Bank has signed a partnership remittance agreement with STAREMIT Co Ltd of South Korea amid a program held in Kathmandu.

As per the agreement, Nepali migrant workers in South Korea will be able to securely transfer money to their families, friends, and others in Nepal. The remittances will be available instantly for cash pickup through 15,000+ Nabil Remit agent locations across the country. The transferred money can also be instantly deposited to any bank account(s) with popular wallet providers in Nepal.

Nabil Bank offers many additional value-added services to its remittance customers, which include saving deposit account with special features for remitters, smart digital banking services for domestic/overseas use, and customised easy loan facilities. Moreover, the bank offers priority service support for all remittance-related queries through its remittance support centre.

Chief Executive Officer (CEO) of Nabil Bank, Anil Keshary Shah, and President/Chairman of Staremit Co Ltd, Rudra Sharma, signed the agreements. During the event, Shah and Sharma addressed a gathering of prospective migrant workers for South Korea. They both highlighted the importance of having sound financial awareness and making informed investment decisions with savings.

The program highlighted the opportunities and financial access available in Nepal for returning workers, and how using formal channels when sending funds from abroad is not only safe but also helps provide a foundation of personal growth through sound financial history.

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