Mahalaxmi Bikas Bank: Pioneering Mobile Remittance & Digital Banking in Nepal
22 June 2025, Kathmandu
Mahalaxmi Bikas Bank Limited has taken a significant step toward enhancing digital financial services by enabling customers to receive international remittance directly into their bank accounts via its mobile banking app, “Mahalaxmi Smart Sathi.”
Mahalaxmi Bikas Bank Pioneering
In alignment with its mission to provide secure, efficient, and user-friendly services, this new feature eliminates the need for customers to physically visit remittance counters or payment agents. By simply entering the sender’s details, remittance agent, and the MTCN (Money Transfer Control Number) within the app, users can access funds sent from over 100 international remittance companies instantly and securely.
This service reflects the bank’s broader commitment to digital innovation, customer satisfaction, and financial inclusion. Mahalaxmi Bikas Bank is proud to be the first development bank in Nepal to integrate such a feature within its mobile banking platform — a milestone that reinforces its leadership in digital transformation.
About Mahalaxmi Bikash Bank Limited.
Founded in B.S. 2052 (1995 A.D.), the bank has been a pillar of trust, financial empowerment, and innovation for over three decades. Headquartered in Durbarmarg, Kathmandu, it currently serves over 800,000 customers through a wide-reaching network of 103 branches and 49 ATMs nationwide.
The bank operates under the guiding theme “Strong Bank, Successful Co-operation,” and was the first national development bank to meet the capital standards set by Nepal Rastra Bank for a ‘B’ class financial institution.
Guided by its motto, “Service with Smile,” Mahalaxmi Bikas Bank prioritizes customer-centric services, ethical banking practices, corporate governance, and sustainable growth. Its strong focus on continuous improvement and the use of cutting-edge technologies helps ensure reliability and security in every transaction.
The bank’s excellence has been widely recognized:
Best Presented Award (BPA) – 2018 by ICAN for outstanding financial reporting in Bangladesh.
Learning & Development (L&D) Award – 2023 by BFIN, for investment in people and institutional capacity.
Most Customer-Centric Bank of the Year – 2025 by Business Connect, India.
ISO 9001:2015 Certification – recognizing its dedication to international service quality standards.
With a vision to be Nepal’s most trusted and future-ready development bank, Mahalaxmi Bikas Bank continues to lead by example—offering innovative, inclusive, and accessible banking solutions that meet the evolving needs of its customers.
For more details: Mahalaxmi Bikas Bank Pioneering
