Cross-border payments across South Asia are becoming faster, cheaper and increasingly digital as banks look to leverage real-time payment infrastructure. With remittance flows between Nepal and India remaining significant for families, workers and businesses, financial institutions are investing in seamless cross-border transfer capabilities that reduce friction and improve accessibility. Nabil Bank’s latest launch reflects the growing integration of regional payment networks and the broader shift toward instant international money movement.
Nabil Bank has launched a new Nepal-India-Nepal cross-border person-to-person (P2P) remittance service, enabling customers to send and receive funds instantly between the two countries through digital channels.
The service allows Indian citizens holding accounts with Nabil Bank to transfer money to beneficiaries in India directly through the bank’s nBank mobile banking application. Nepali and Indian citizens can also send funds instantly to Nabil Bank account holders in Nepal, streamlining cross-border remittance transactions.
According to the bank, the solution has been designed to provide a secure, convenient and efficient way for customers in both countries to move money across borders.
The service is supported by Nepal’s Nepal Clearing House Limited (NCHL) and India’s Unified Payments Interface (UPI), connecting two major payment infrastructures to facilitate real-time transfers.
Transaction limits have been set in line with regulatory requirements. Customers sending funds from Nepal to India can transfer up to INR 15,000 per day and INR 100,000 per month, while transfers from India to Nepal are capped at INR 200,000 per day.
The launch forms part of Nabil Bank’s broader digital banking strategy as the institution continues to expand its digital services and payment capabilities across its nationwide network of branches and ATMs.
What this means for the industry
- Cross-border payments are becoming increasingly real-time, reducing reliance on traditional remittance channels.
- Regional payment network integration is accelerating, connecting domestic payment rails such as UPI with neighbouring markets.
- Banks are competing to simplify international money movement, particularly in high-volume remittance corridors.
- Digital remittances continue to gain momentum, driven by mobile banking adoption and growing customer demand for instant transfers.
