Everest Bank expands remittance business from USA; partners with Xoom Corporation

Everest Bank Ltd (EBL), Nepal  yesterday announced it will launch instant money transfers service from USA. Everest Bank Ltd will partner with Xoom Corporation, USA to offer instant cash payment and bank deposits for all banks of Nepal. Everest Bank Ltd, Nepal makes it easy, convenient and secure to send money online from the U.S. to Nepal. Xoom, a PayPal service, is a leading digital money transfer provider that enables consumers to send money, pay bills and send prepaid mobile phone reloads for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. The company can be found online at http://www.xoom.com. Nepal is the eighth country in Asia to benefit from Xoom’s services. “Nepal receives a significant sum of remittances in proportion to the country’s Gross Domestic Product. The presence of Xoom will further contribute to the easy, secure and convenient transfer of remittances into the country,” said A. K Ahluwalia, Chief Executive Officer of Everest Bank. Customers can transfer up to $1,000 for a flat fee of $4.99* through our partner Xoom. For transactions beyond $1,000, the fee will be waived when paying with a U.S. bank account. The bank has 61 Branches, 84 ATMs, 5 extension counters, 24 Revenue Collection counters & more than 600 payout agents across the country, making it a very efficient & accessible bank for its customers, anytime, anywhere. Visit Bank’s website at http://www.everestbankltd.com for further detail.