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HomeBankingMachhapuchchhre Bank launches Video KYC service

Machhapuchchhre Bank launches Video KYC service

Nepal’s prominent commercial bank Machhapuchchhre Bank (MBL) has started a Video KYC service with the objective of providing a straightforward and convenient facility for its customers to update their KYC. This unique and innovative service enables the customers to update their KYC over a video hence video KYC or VKYC.

With the launch of this service, MBLC customers can finalize their KYC online. Besides, new customers can create MBL accounts online and process other banking services through their verification with VKYC.

This is especially helpful to those who are distant from the bank or somehow are unable to visit the bank. Without physically appearing at the bank, customers can fill out necessary forms and create a new account at their convenience given they have an active internet connection and a device. Digital banking has pervaded the theme in Nepal among banks and financial institutions (BF/Is) and VKYC is one of the trends as of late.

Check out: Digital Transaction Limit in Mobile Banking, Internet Banking, and Wallets in Nepal

Machhapuchchhre Bank (MBL) Video KYC for Nepalese in Nepal and abroad

With the launch of Video KYC, Machhapuchchhre Bank (MBL) customers whether they are inside Nepal or abroad can open accounts online. Likewise, customers can access some crucial banking services on the go from anywhere in the world.

The bank adds that documents required for opening a new account and verifying their identity can be processed via a video.  

If you are not able to visit the bank physically for a reason, you can still create your bank account thanks to the Video KYC service. MBL which has brought Nepal’s first offline payment on mobile banking, and also launched various digital banking services has now embarked on another facility for its customers that will elevate their experience with the bank.

What do you think of the Video KYC of Machhapuchchhre Bank? Do share in our comments below.  

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