Machhapuchchhre Bank Limited (MBL) has launched a real-time cross-border fund transfer service between Nepal and India through its MBL M-Smart mobile banking application, marking another step forward in digital financial integration between the two neighboring countries.
The newly introduced service enables instant and secure person-to-person (P2P) money transfers, allowing users to send and receive funds across borders with greater speed and convenience. The facility is expected to benefit thousands of individuals who regularly transfer money between Nepal and India for personal, family, education, and business-related purposes.
Under the system, Nepali users residing in India can transfer funds directly to Nepal through UPI-enabled payment applications. Similarly, Indian users staying in Nepal can send money back to India using the MBL M-Smart platform. The transferred amount is credited instantly to the beneficiary’s account, eliminating delays commonly associated with traditional remittance channels.
According to the bank, the service has been designed to provide a seamless digital experience while maintaining high standards of security, transparency, and regulatory compliance. The platform incorporates advanced security protocols to ensure that transactions remain safe and reliable for users in both countries.
The launch comes at a time when digital payments and cross-border financial services are witnessing rapid growth across South Asia. With strong economic, cultural, and social ties between Nepal and India, the demand for efficient and affordable money transfer solutions continues to increase.
Bank officials stated that the new service aligns with Machhapuchchhre Bank’s broader vision of expanding digital banking services and offering innovative financial solutions tailored to customer needs. By enabling real-time transfers, the bank aims to reduce transaction friction and improve accessibility for individuals who frequently move funds between the two countries.
The bank further noted that it will continue investing in technology-driven financial services and explore additional customer-centric innovations in the future. As Nepal’s digital banking ecosystem continues to evolve, initiatives such as real-time cross-border payments are expected to play a significant role in promoting financial inclusion, enhancing customer convenience, and strengthening regional financial connectivity.
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