Skip to content
|Loading...
Share Gyan home
EBook

Himalayan Bank Partners with UnionPay to Launch Historic RMB Card

Himalayan Bank Limited (HBL), in partnership with UnionPay International, has introduced the UnionPay RMB Card, enabling Nepali travelers, students, and entrepreneurs to execute direct transactions in Chinese Yuan across China.

Published By Share Gyan
Himalayan Bank Partners with UnionPay to Launch Historic RMB Card

Himalayan Bank Limited (HBL) has achieved a significant milestone in the domestic banking sector by becoming the first bank in Nepal to introduce the UnionPay RMB Card, launched in strategic collaboration with UnionPay International. Specifically engineered to streamline cross-border financial transactions, the card aims to make travel and commerce in China both highly cost-effective and convenient for Nepali citizens. Cardholders can execute direct payments in Chinese Yuan (CNY) utilizing automated teller machines (ATMs), point-of-sale (POS) terminals, QR codes, and online e-commerce portals. Tailored to support the financial needs of students, business professionals, and tourists, the card can be pre-loaded up to the spending thresholds authorized by Nepal Rastra Bank, offering seamless integration with dominant Chinese digital payment ecosystems including Alipay+, WeChat Pay, and Nihao China. The innovative service was formally inaugurated during a special launch event at the Marriott Hotel in Kathmandu by HBL Chief Executive Officer Ashoke SJB Rana and Zhuang Bei.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.