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Laxmi Bank Ltd. has launched a mobile-payment service for its customers, a spokesperson for the Nepal-based bank tells CardLine Global. The service, called Mobile Money, enables accountholders to transfer funds to up to 10 other Laxmi customers, the spokesperson says. Customers, who use text messages for transactions, also can use the service to pay phone bills. "The customer will need to text proper, predefined text messages to our call centre number, and the payment will be processed from our end," the spokesperson adds. Customers who transfer funds pay 10 Nepal rupees (13 U.S. cents or 9 euro cents) per transaction. Payments of phone bills are free.
