NMB Bank, Visa sign agreement for international money transfers

NMB Bank has signed an agreement with international payment company Visa to expand its service for sending money abroad. Under the agreement, the bank will operate a service called "Visa Direct to Account."

Through this service, customers will get an easier, new option for sending money abroad, the bank said. According to the bank, this Visa technology is currently used in more than 195 countries and territories worldwide.

The bank expressed confidence that the new system will make cross-border payments faster, more reliable and secure, saying the partnership was formed to modernize its international money-transfer system. According to the bank, it currently provides services through about 197 branches, 176 ATMs and 9 extension counters across the country.

According to the exchange rate fixed by Nepal Rastra Bank for today, the selling rate of one US dollar is Rs 152.49 and the buying rate is Rs 151.89. Similarly, the selling rate of one euro is Rs 169.88 and of one Australian dollar is Rs 107.13. The selling rate of one British pound is Rs 203.04.