Search results for Nepal
Finance
KB Kookmin Bank waives fees for Nepal remittances to support flood recovery
KB Kookmin Bank will waive overseas remittance fees to Nepal to support flood recovery efforts. The bank said on Wednesday it will run a Nepal overseas remittance support programme through Oct. 30. Individuals and corporate customers sending money to Nepal will have all overseas remittance fees waived regardless of purpose. For donations for flood recovery, it will also waive cable charges and apply a 100 percent exchange rate discount.
Crypto
Nepal crypto trading rises despite ban; IMF urges faster regulation
The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.
Finance
Danal, Shinhan Bank add ZaloPay for foreign students\' tuition payments
Danal has introduced Vietnam\'s ZaloPay to a tuition payment service for foreign students at South Korean universities with Shinhan Bank. The move expands payment options beyond WeChat Pay and PayPal, allowing Vietnamese students and parents to pay by QR code through Zalo or ZaloPay without visiting a bank branch. The service supports familiar payment methods and is operated in partnership with more than 94 universities.
