KATHMANDU: NMB Bank Nepal has announced a strategic partnership with Flywire Corporation to digitise the payment experience for Nepali students studying abroad.
With this, NMB has become the only bank in Nepal to process all payments on behalf of Flywire across 1,700-plus educational institutions all over the world including US, Canada and Australia, as per a media release.
The partnership between NMB Bank and Flywire digitises and ensures a secure payment process in compliance with local rules. Students and families can make education payments online even if they don't have an NMB Bank account.
Payments to NMB Bank can be made digitally without having to deposit the funds in cash, from other banks. Furthermore, students can directly pay their education related fees and payments in their own currency, eliminating the costs incurred for currency exchange.
A version of this article appears in the print on July 12, 2022, of The Himalayan Times.
