Nepal Investment Bank Ltd (NIBL) and Digital Wallet Corp (DWC) have entered an agreement for remittance service to facilitate Nepali expatriates working in Japan to send remittance back home to their families.

This service can be used from Digital Wallet's 'Smile Mobile Remittance' app, as per a media release. Remittance can be received from more than 10,000 paying locations of Prithivi Remit - the online remittance service of NIBL.

The payment sent for deposit into account of families with any bank in Nepal is instantly deposited. This arrangement with Digital Wallet has made it easy for customers to transfer their funds from Japan to Nepal.

Separately, NIBL Ace Capital Ltd has been appointed as issue manager of 8.75 per cent Garima Debenture, 2085 of Garima Bikash Bank Ltd for one million units of Rs one billion.

The agreement for the same was signed recently between Govinda Prasad Dhakal, chief executive officer of Garima Bikash Bank Ltd and Mekh Bahadur Thapa, deputy chief executive officer of NIBL Ace Capital Ltd and Sachindra Dhungana, assistant general manager of NIBL Ace Capital

A version of this article appears in the print on April 29, 2021, of The Himalayan Times.