NIC ASIA Bank Partners Nepalese in UAE to Revolutionize Digital Banking For Nepali Diaspora
16th December 2025, Kathmandu
NIC ASIA Bank, one of Nepal’s leading commercial banks, has announced a significant collaboration with Nepalese in the UAE, a rapidly growing digital community platform.
NIC ASIA Partners Nepalese
The two organizations have signed a Memorandum of Understanding (MoU) aimed at digitally promoting banking and remittance services among the large and dynamic Nepalese diaspora residing in the United Arab Emirates (UAE).
This partnership marks a strategic move to reinforce NIC ASIA Bank’s commitment to providing trusted information, robust digital engagement, and seamless banking experiences for Nepalese citizens abroad.
Bridging the Gap: Digital Solutions for Overseas Nepalese
The UAE is a key corridor for remittance inflows to Nepal, and this collaboration directly addresses the need for secure, fast, and easily accessible financial services for workers and residents in the Gulf region. By leveraging the reach and engagement of the ‘Nepalese in UAE’ platform, NIC ASIA Bank plans to:
Enhance Financial Literacy: Share trusted and crucial information about safe, legal, and formal remittance channels, helping Nepalese citizens in the UAE avoid informal, high-risk money transfer methods.
Promote Digital Banking Adoption: Drive awareness and usage of the Bank’s advanced digital platforms (such as the MoBank App), making account management, bill payments, and financial planning accessible from the UAE.
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Streamline Remittance: Highlight the ease and convenience of NIC ASIA Bank’s inward remittance services, ensuring their hard-earned money reaches their families back home instantly and securely.
A Focus on Seamless User Experience
NIC ASIA Bank has already established a strong foundation in digital remittance, having partnered with major international exchange houses like Al Ansari Exchange and digital remittance services like Remitly. This new alliance with a community-focused digital platform is expected to amplify its digital reach significantly.
The promotion will focus on the Bank’s specialized accounts, such as the Sarbashrestha Remittance Bachat Khata, which offers enhanced benefits for remittance senders and their families. By prioritizing digital engagement, the Bank aims to provide an experience that is not only convenient but also offers competitive rates and world-class security.
Expert Opinion
“This MoU is more than just a collaboration; it is a dedicated effort to stand by our Nepalese community in the UAE,” a representative from NIC ASIA Bank stated. “By teaming up with ‘Nepalese in UAE,’ we are ensuring that vital banking and remittance information is delivered to our people on a platform they trust, reinforcing our commitment to their financial security and prosperity.”
The partnership is effective immediately, beginning a new chapter in digital outreach and financial inclusion for the Nepalese diaspora in the UAE.
| Key Takeaway | Impact on Nepalese in the UAE |
| Digital Engagement | Access to trusted banking information and support via a community platform. |
| Seamless Remittance | Promotion of fast, secure, and formal channels for sending money home. |
| Financial Inclusion | Easier adoption and usage of NIC ASIA Bank’s mobile and digital banking services. |
For more: NIC ASIA Bank Partners Nepalese
