KATHMANDU: Everest Bank Ltd (EBL) has entered into the agreement with Best Remit (BR) for delivering remittance payment received through Everest Remit, as per a media release.

Currently the bank is providing the remittance services through its’ own web-based online remittance product ‘Everest Remit’. Presently, this remittance facility is available to Nepalis are working in UAE, Qatar, Bahrain, Oman, Malaysia, UK, USA, Japan and Korea.

This facility will be extended to other corridors too in due course. In order to facilitate inward remittance and foreign trade, bank has tied up with various foreign banks and agencies in different countries. Likewise, agreements for instant money transfer have been entered with EZ Remit, Xpress Money Transfer, MoneyGram, Western Union Money Transfer and Cash Express.

These arrangements have facilitated the bank for inward remittance. Similarly, bank is receiving remittance from India through its joint venture partner Punjab National Bank’s product ‘INREMIT’.