EBL, United Remit join hands

Everest Bank Ltd (EBL) and United Remit Pvt Ltd, a super-agent of MoneyGram International Inc, have signed a deal to allow the bank to provide money transfer services using MoneyGram. Issuing a statement Wednesday, United Remit said EBL will now be providing MoneyGram Money Transfer Services from its 35 branches. United Remit already has 400 payout locations in Nepal covering almost all districts here, it said.

"This association will redefine remittance business of Nepal making remittance services easily available at very convenient locations," the statement said, quoting United Remit director of business development Suraj Shakya. Similarly, EBL CEO RK Ummat was quoted as saying that MoneyGram services would add extra mileage to the bank´s services. MoneyGram has over 180,000 agent locations in more than 190 countries and territories, the statement said.