Banking News – Cashmallow, a leading fintech company specializing in seamless cross-border financial solutions, has announced the launch of its inbound remittance service to Nepal through a strategic partnership with Nabil Bank, one of Nepal’s largest and most trusted financial institutions. This collaboration aims to provide a secure, fast, and cost-effective way for Nepali expatriates to send money home, enhancing financial accessibility for individuals and families across the country.

The partnership enables direct remittances to Nepal via MallowLink, Cashmallow’s global API aggregator, that connects banking and fintech mobile applications to Nabil Bank’s remittance infrastructure. This allows recipients to conveniently collect cash at Nabil Bank branches or receive deposits directly into their bank accounts. This initiative aligns with Cashmallow’s broader mission to expand financial inclusion and improve global remittance efficiency.

Seamless Cross-Border Transfers for Nepali Expatriates With millions of Nepalis working and residing abroad, the demand for reliable remittance services continues to grow. By integrating with Nabil Bank’s robust banking infrastructure, Cashmallow ensures that senders can transfer funds with ease, benefiting from competitive exchange rates and low transaction fees.

“We are thrilled to collaborate with Nabil Bank to introduce an efficient and accessible remittance solution for the Nepali community worldwide,” said Hyeong Un Yun, CEO of Cashmallow. 

A Step Forward in Financial Inclusion Cashmallow’s expansion into Nepal underscores its commitment to leveraging fintech innovation for greater financial inclusion. With this service, Cashmallow aims to support the economic well-being of Nepali families by making remittances more accessible, reliable, and affordable.