This product is designed specifically to address inward remittances to Nepal.Inward SWIFT Remittances are credited to the respective accounts, making use of Straight through Processing (STP),without any manual intervention.The process is automated and deemed to be accurate as well.

Benefits of STP:

• Streamlined operations with shorter processing times(operational efficiency)
• Process higher volumes with greater accuracy.
• Reduce operational risk and data errors.
• Enhance internal collaboration and communication.
• Enable eBusiness expansion.
• Improve risk management capabilities.
• Better Customer Relationship management.

Type of SWIFT Messages processed through STP

• MT103:Individual Remittance
• MT202:Institutional Remittance