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Presently, HBL is the biggest inward remittance handling bank in Nepal. With its exclusive and proprietary online money transfer software – HimalRemit™, HBL is among the top remittance service providers in Nepal having ties with financial institutions based in the Middle East, Gulf region, UK, Australia, USA, Japan, Israel, South Korea ...
1980 HBL opened a branch in Paris and another in Hong Kong. 1981 HBL established Nigeria Habib Bank with 40% ownership. HBL also opened a representative office in Tehran. 1982 HBL opened a branch in Khartoum. 1983, HBL opened a branch in the Karachi EPZ (Export Processing Zone) and a branch in Istanbul. 1987 HBL opened a branch in Australia.
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.
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Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.
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