Everest Bank Limited Launches Real Time Nepal India Cross Border Remittance Within EBL Touch 24

11th June 2026, Kathmandu

Everest Bank Limited has officially rolled out an instant cross border remittance feature directly inside its mobile banking software, known as EBL Touch 24.

EBL Cross Border Remittance

The new payment gateway was built following the recent digital financial agreement between Nepal and India. By linking the National Payments Interface of Nepal with the Unified Payments Interface of India, the system allows individuals to move funds instantly between the two nations using standard mobile phones.

Strategic Value of Interconnected Payment Infrastructure and Financial Links

The digital connection marks an important step forward in cross border financial cooperation, moving the regional economy away from slow paper procedures and informal cash carrying methods.

By using secure digital links, the bank ensures complete transparency for every cross border transaction while helping families receive urgent funds immediately.

The core operational benefits and infrastructure frameworks driving this cross border service include:

• Real Time Clearing Integration: The network processes fund transfers instantly, completely eliminating the multiple day waiting periods common with traditional international bank drafts.
• Formalization of Migrant Remittances: The app gives thousands of cross border workers a legal, affordable path to send money home, reducing their reliance on risky informal channels.
• Interoperable Retail Financial Ecosystems: Linking the central clearing networks of both nations enables smooth, direct communications between different commercial banks.
• Lower Transaction Friction Fees: Bypassing third party money transfer agents helps consumers keep more of their hard earned income during international currency exchanges.

The bank management notes that this fully automated system helps businesses and families handle their daily financial needs quickly, supporting greater economic cooperation across the open border.

Transaction Limits and Daily Regulatory Compliance Guidelines

To maintain national financial security and follow foreign exchange rules, the central banking authorities have established specific transaction caps for different user groups.

These automated limits allow casual users to access their funds easily while preventing unauthorized capital movement.

The specific transaction boundaries and regulatory caps implemented for the service feature:

• Indian Citizens Working in Nepal: Laborers and professionals can send up to fifteen thousand Indian Rupees per day, with a maximum monthly limit of one hundred thousand Indian Rupees.
• Nepali and Indian Nationals Residing in India: Users transferring money from India into Nepal can send up to two hundred thousand Indian Rupees per day, with no monthly volume restrictions.
• Standardized Service Fees: The system applies a fixed transaction processing fee of one hundred fifty Indian Rupees to maintain the network infrastructure.
• Automated Exchange Rate Fixes: The application calculates currency conversions instantly during the transaction request based on real time central bank foreign exchange rates.

The integrated software tracks these compliance caps automatically in the background, ensuring that users do not accidentally exceed their authorized daily or monthly transfer limits.

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Step-by-Step Payment Processing via the Unified Payments Interface

The development team has simplified the international transfer process, allowing users to move money without memorizing long international bank account numbers or complex branch routing codes.

The application uses simple personal identifiers to route funds directly to the correct destination account.

The available digital addressing methods and payment steps inside the application include:

• Recipient Mobile Number Routing: Users can initiate an international transfer simply by typing in the registered mobile phone number of the receiver.
• Virtual Payment Address Validation: The network supports direct transfers using a standardized Virtual Payment Address linked to an active bank account.
• Unified Payments Interface Identification: Senders can input a unique payment ID to route money instantly into any connected app wallet across the border.
• Direct In-App Status Updates: The mobile software displays instant confirmation screens as soon as the receiving bank accepts the international funds.

The digital system allows users in India to connect popular local payment applications like Google Pay, PhonePe, and Paytm directly to the remittance network, as long as those wallets are linked to a verified bank account.

Driving Greater Safety and Efficiency Across the Regional Banking Landscape

Replacing physical cash carrying with a secure mobile banking system significantly improves safety for cross border travelers and migrant workers.

Everest Bank Limited stated that this digital upgrade provides a highly reliable foundation for the modern financial ecosystem of the region.

The primary long term impacts of this cross border technology rollout include:

• Enhanced Physical Asset Safety: Reducing the need for workers to carry large amounts of paper currency across national borders, shielding them from theft and loss.
• Improved Cash Flow Visibility: Providing both central governments with clear, traceable electronic records of cross border retail fund movements.
• Boosted Consumer Banking Confidence: Giving families immediate access to international funds during emergencies through real time smartphone notifications.
• Modernized Digital Financial Cooperation: Setting a strong technical example for future electronic banking linkages and multi currency card systems across South Asia.

As digital connectivity expands between the two nations, this integrated mobile solution helps ensure that cross border retail commerce grows on a secure, stable framework.

By keeping individual transfers rapid and affordable, Everest Bank Limited and its international clearing partners continue to deliver a more efficient, inclusive, and modern financial experience for citizens on both sides of the border.

For More: EBL Cross Border Remittance