NT launches Mobile Money with LBL bank

5 Oct 2009

Nepalese incumbent fixed and mobile operator Nepal Telecom has teamed up with Laxmi Bank Ltd (LBL) to provide a mobile banking service which offers funds transfer and bill payments facilities in addition to non-financial transactions such as balance checking and transaction alerts. A report from nepalnews.com says the new service, ‘Mobile Money’, will allow customers to transfer funds to a total of ten selected customers, either post-paid or pre-paid NT mobile and landline bills and Laxmi Bank’s credit bills through mobile SMS.

Nepal, Nepal Telecom (NT)