The Nabil Bank has inked a collaboration remittance agreement with the South Korean company STAREMIT Co. Ltd., during a program conducted in Kathmandu this week. Nepalese migrant workers in South Korea will be able to securely send money to their family, friends, and loved ones in Nepal as a result of this collaboration. The remittances will be available for cash pickup immediately at any of the 15,000+ Nabil Remit agent locations located throughout Nepal’s various provinces. It is also possible to have the money transferred instantaneously put into any bank account(s) with any of the main wallet providers in Nepal.
A wide range of value-added services are available to Nabil Bank clients who send money abroad, including a savings deposit account with unique features for remitters, smart digital banking services for domestic and international use, and customizable easy loan facilities. The Bank also provides priority service support for any remittance-related issues through its remittance support center, which is open 24/7.
Anil Keshary Shah, CEO of Nabil Bank, and Rudra Sharma, President/Chairman of Staremit Co. Ltd. signed the agreements on behalf of their respective companies, according to the company. Mr. Shah and Mr. Sharma spoke to a group of people who were interested in becoming migrant laborers in South Korea at the event. Having great financial understanding and making informed investment selections with one’s savings, they both stressed the necessity of having a strong financial foundation.
The program highlighted the opportunities and financial access that are available in Nepal for returning workers, as well as how using formal channels when sending funds from abroad is not only safe, but also helps to build a solid financial history that can be used to build a solid foundation for personal growth in the future.