Nepal SBI Bank Ltd. (NSBL) has recently entered into a strategic Memorandum of Understanding (MoU) with eSewa Ltd. The agreement, signed by Rajesh Kumar Panda, Deputy CEO & Chief Financial Officer of NSBL, and Jagadish Khadka, CEO of eSewa Ltd., aims to revolutionize the landscape of digital transactions in Nepal.
The partnership seeks to leverage the extensive network and technological prowess of both entities to facilitate seamless fund transfers to eSewa wallets through various channels offered by NSBL, including Mobile Banking, Internet Banking, and Counter Deposits. Moreover, it endeavors to streamline merchant payments in real-time via the eSewa platform, thereby promoting cashless transactions and fostering financial inclusivity.
During the signing ceremony, Dipak Kumar De, Managing Director & CEO of NSBL, expressed optimism about the collaboration’s potential to empower customers with convenient and secure digital payment solutions. He highlighted the importance of such initiatives in advancing Nepal’s digital economy and driving financial innovation.
The event was attended by key officials from NSBL and eSewa Ltd., including Yadvender Kant, Chief Operating Officer of NSBL, Sunand Malhotra, Chief Technology Officer of NSBL, Ritesh Aryal, Chief Business Development Officer of NSBL, and Rabi Shakya, Chief Strategy Officer of eSewa Ltd., among others.
NSBL, with its extensive presence comprising 97 branches, 22 extension counters, 7 province offices, and 1 Corporate office, along with 121 ATMs, remains committed to delivering cutting-edge banking services while embracing digital transformation for the benefit of its customers across Nepal.
05th Jun 2024
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