May 08, Kathmandu- Mahalaxmi Bikas Bank has launched the latest inter-bank ‘Scan to Cash’ service in collaboration with Fonepay.

With this, Mahalaxmi Bikas Bank has become the first development bank in Nepal to launch such a service.

Under this, customers will be able to easily withdraw cash by scanning the QR code at the teller counter through any bank's mobile banking app. The bank has stated that this service, which was initially launched from Durbarmarg and Thapathali branches, will be expanded across the country in the near future. The bank believes that with the expansion of this facility, it will help reduce the compulsion to withdraw cash through the traditional use of checks or ATM cards.

Further strengthening its commitment to digital innovation, the bank has also launched a cross-border QR payment service through Alipay+ Network in collaboration with Nepal Clearing House Limited. Through this service, tourists from countries including China, Singapore, South Korea and others will be able to scan NepalPay QR and conveniently make payments in Nepal from their country’s digital wallet.

The bank has also recently launched “Mahalaxmi Smart Sathi” by refining its mobile application.