NMB Bank and CBL Money Transfer ties up to launch Sulav Remit Service

ShareSansar, August 24;

NMB Bank and CBL Money Transfer have signed an agreement for remittance service all over Nepal from Malaysia through NMB Bank Sulav Remit.

According to a press release published by NMB Bank on Sunday,Mr. Upendra Poudel, CEO of NMB Bank and Mr. Saidur Rehman Faraji, CEO of CBL Money Transfer signed the agreement in a function. The press release highlights, ‘the agreement will enable people living in Malaysia to send money all over Nepal from CBL Money Transfer through NMB Bank Sulav Remit.’

Moreover, Nepalese living in Malaysia can send money to their homes from any branch of CBL Money Transfer spread across Malaysia. The money thus sent can be withdrawn from NMB Bank or 4,000 of its agents spread across Nepal. It can also be directly deposited in a bank account and sent home safely.

In addition NMB Bank will provide remittance service from the Gulf and other countries in the near future. At present NMB Bank Sulav Remit service is providing internal remittance service across Nepal from Dubai, Kuwait, Korea, Malaysia and the rest of the world in collaboration with Instant Cash.

NMB Bank, one of the leading commercial banks in the banking industry has recently commenced operation of its first representative office in Malaysia.