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Kumari Bank bags mBillionth Award South Asia 2011

 

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News item 11-08-2011

Kumari Bank has bagged mBillionth Award South Asia 2011 for its Kumari Mobile Cash product. The award was given under the m-business and commerce, banking category in the mBillionth 2011 South Asia International Summit 2011 in New Delhi, India on Saturday. Out of more than 200 applications from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, some 21 were selected as winners spread across 11 core categories, with Kumari Bank, the sole winner representing Nepal, according to the press released issued by Kumari Bank. The mBillionth Award 2011, with India’s State union minister of Communications & IT Mr. Sachin Pilot, as the chief guest, was a platform that recognised some of the key innovative applications and services and honored excellence in the arena of mobile communications across South Asia. "The bank is also extremely proud to have won this award for a product that has less than a year of life under its belt," Kumari Bank said in a statement adding that the product has helped the bank break traditional barriers n a very short time span in providing access to finance to the poor and solve burning issues in Nepal's banking sector. With 70 percent of the Nepali population yet to be tapped into formal banking, the bank believes that the promise echoed by the product, in improving access to sustainable financial resources, is real and achievable. Radhesh Pant, CEO, Kumari Bank, said that this award has served as an outlet for the bank to scale even greater heights in the days to come.

 

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