WorldRemit, a leading digital cross-border payments firm, has partnered with eSewa Money Transfer, Nepal’s leading payment service provider, to facilitate remittances to Nepal from more than 50 countries.
Customers of WorldRemit can now transfer money directly to their family and friends’ eSewa mobile wallets.
According to Nepal Rastra Bank, the number of mobile banking users has increased fivefold, from 1.75 million in 2016 to 8.34 million in 2019, representing nearly a third of the Nepalese population.
WorldRemit is pleased to partner with eSewa and their more than 3.9 million registered account holders to provide Nepalese migrants living and working abroad with more options, comfort, and affordability.
“Nepal is introducing digital initiatives for their citizens at a rapid rate, and we are seeing the Nepalese population accept these changes,” said Ruzan Ahamed, WorldRemit’s Country Director for South Asia. WorldRemit is dedicated to staying on top of these changes, and we’re proud to work with eSewa Money Transfer to do so.
“This partnership with one of Nepal’s leading Mobile Money providers is another positive step toward realizing our vision of providing our customers with a quick, safe, easy, and affordable way to send and receive money transfers around the world.”
“We are very excited to join hands with WorldRemit, a global pioneer in digital cross-border payment services,” said Ajesh Koirala, Managing Director of eSewa Money Transfer. This collaboration exemplifies our commitment to providing low-cost alternatives to brick-and-mortar businesses.
“The adoption of peer-to-peer payments and digital wallets will continue, and we will make every effort to represent the new reality of money transmission. eSewa Money Transfer is dedicated to transforming Nepal’s remittance market through technology and digitization.”
WorldRemit has a great reputation for providing millions of customers with a trustworthy, stable, and reliable global digital payments platform for over ten years. WorldRemit is dedicated to offering a diverse range of payment options so that people can send and receive money in the way that best suits their needs, while also lowering the traditionally high costs of foreign transactions.
WorldRemit insists that everybody, regardless of their location or context, should have access to financial services.
The partnership with eSewa Money Transfer is a significant step forward in leveraging the power of digital and mobile technology to make financial services more inclusive and accessible, particularly for the world’s underserved and underbanked.
WorldRemit is offering a zero-fee first transaction promotion from April 6th to June 30th, 2021. The offer is only valid for new customers, and WRNEPAL must be stated. Terms and conditions apply. For more information, go to www.worldremit.com.
WorldRemit is a leading provider of digital cross-border payments. By bringing foreign money transfers online, we disrupted an industry traditionally dominated by offline legacy players, making them safer, quicker, and less expensive. We currently send to 50 to 150 nations, work in 6,500 money transfer corridors around the world, and hire more than 1,100 people.
WorldRemit is fully digital (cashless) when sending money, which increases convenience and protection. The company provides a variety of options for those receiving money, including bank deposit, cash collection, mobile airtime top-up, and mobile money.
WorldRemit has regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe, and Belgium, and is backed by Accel, TCV, and Leapfrog.
Visit www.worldremit.com for more information.
About eSewa Money Transfer
eSewa Money Transfer is one of Nepal’s fastest-growing remittance firms, providing a hybrid model of world-class remittance services to Nepalese all over the world. Traditional agent-based remittance services with an 8,000+ agent network are combined with a variety of non-traditional, digital modes of transfers with connections to 4 million+ eSewa mobile wallet users and bank accounts from 54 different banks, making sending and receiving money as simple as a few taps on a mobile phone. eSewa Money Transfer is a subsidiary of F1soft Group, which has been empowering more than 11 million people and 100,000 businesses across Nepal through innovative fintech-based payment services since 2019. It was established in 2019 and is licensed by Nepal Rastra Bank under foreign exchange regulation.