• News
  • Gadgets
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
Facebook Twitter Instagram YouTube LinkedIn TikTok
Sunday, March 26
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
TechSathiTechSathi
  • News
  • Gadgets
    realme 10 Pro+ 5G

    realme 10 Pro+ 5G launched in Nepal as the first premium midrange smartphone after the import ban

    January 10, 2023
    vivo price drop

    vivo comes with a massive price drop for vivo V23e and vivo Y53s phones

    January 8, 2023
    Realme 10 Pro+

    Realme 10 Pro+, The Most Hyped Smartphone Of 2022: Specs And Price In Nepal

    December 16, 2022
    Samsung Innovation Campus

    Samsung Inaugurates its Global CSR Program Samsung Innovation Campus at Tribhuvan University IOE

    December 15, 2022
    vivo Sales carnival

    vivo Sales Carnival; Win exciting prizes and enjoy heavy price drops

    December 11, 2022
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
TechSathiTechSathi
Home»Fintech»Lockdown? Here’s How to Send, Receive International Remittance via Digital Wallets in Nepal
Fintech

Lockdown? Here’s How to Send, Receive International Remittance via Digital Wallets in Nepal

May 17, 20217 Mins Read
Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp VKontakte Email
Digital Remittance in Nepal
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

We all are uncertain how long this restriction on the pandemic would go for. If you are working abroad and wondering how to send money online to home, then we bet this article would help you out. 

Lockdown? Here's How to Send, Receive International Remittance via Digital Wallets in Nepal 1

Whether you are working in Malaysia, USA, UK, Kuwait or any other major foreign employment destinations, remitting money to Nepal online and receiving them is easier now. Thanks to digital wallets like eSewa, Khalti, IME Pay, and so on. Most of these PSPs have partnered with the international money transfer agencies abroad which channel the money sent from Nepalese in Abroad. And, their recipients can directly receive it either in their bank account or in their digital wallet account. 

Since the banking services are limited to a few hours only and the cash points are closed due to the restriction, it’s better to opt for digital remittance while staying at home. We have come up with an integrated article about remittance in Nepal.

Revealing Some Facts about Remittance in Nepal

Nepal is one of the top 20 remittance receiving countries in the world and among the top 5 of them in South Asia. In 2076/77 alone, Nepal witnessed the inflow of Rs 642.14 billion in remittance in the first eight months (mid-July 2020 to mid-March 2021) of the current fiscal year.

The remittance sending points generally covers the gulf countries. Malaysia is the top most foreign employment destination for the Nepalese since more than 700,000 of them are working there (according to the report from the Ministry of Foreign Affairs). Remaining remittance inflows from other destinations like Kuwait, Bahrain, Qatar, Korea, Japan, UAE, Europe and the USA. 

How to Receive International Remittance in Nepal via Digital Wallets

If you are working abroad and struggling to find the easiest way to send your hard-earned money to back home, here are some P2P payment systems for this purpose. Yes, now you can send money home directly via the these digital wallets.

1. IME Pay

A leading Digital Wallet & Online Payment Services in Nepal - IME Pay

IME has been used synonymously with the term “remittance” in Nepal since its inception. Thanks to their tenacious advertising and marketing campaigns! 

It has a feature of remittance to ease people in sending money from abroad and receiving it on the other side. It also allows you to send money from 435,000 international locations and 159 countries to Nepal. While sending from abroad, one can select the partner apps that integrate with the IME Pay app regarding the country you are in. 

For instance, Nepalese from Malaysia can send the amount via RIA Money Transfer and that amount would be directly deposited in the IME Pay account of the receivers in Nepal. 

IME Pay has partnered with various money transfer agents varying from country to country to ease the Nepalese abroad in sending their hard earned money to home and tracking them.

Lockdown? Here's How to Send, Receive International Remittance via Digital Wallets in Nepal 2

How to send money using IME Pay?

All you have to do is choose the money transfer app or service according to the country you are currently in and then:

  1. Find an agent location
  2. Prepare for your agent visit
  3. Complete your transaction
  4. Notify your recipient
  5. Send to bank account or IME Pay Wallet

In the receiving end, follow these simple steps to receive money via IME Pay app from abroad:

  • Open IME Pay app and go to remittance option
  • Tap on Track money on the left side of the screen
  • Tap on the country where you would like to receive money from. In this case, tap on “Malaysia”
  • Enter the control number as sent by the sender and hit the next icon
  • Money availability status is shown in detail here. If your remittance is available to be received you may find your nearest Agent to receive it in cash by tapping “Nearby Agents”
  • Click on “Receive Money” if you want to receive money directly to your wallet
  • Enter your 4-digit wallet PIN 
  • Review your transaction details and tap on the Receive button
  • You will have now received your remitted amount directly in your IME Pay Wallet Account. Tap on “Done”

2. eSewa

eSewa Money Transfer - Cost-effective, fast and secure

eSewa has its own product eSewa Remit to render domestic and international remittance services. Having over 8000 agent locations, eSewa remit allows you to receive remittance from over 200 countries via their partner agencies like Remitly, World Remit, MoneyGram, Wire Barley and others.

Lockdown? Here's How to Send, Receive International Remittance via Digital Wallets in Nepal 3

We have prepared an article before to inform you about how to receive and send remittance using eSewa remit.  Read How to Receive Remittance Directly via eSewa in this Lockdown? to know the full procedure of international remittance using eSewa. 

3. Khalti

Remittance transfer through  Khalti mobile wallet

Khalti is another digital wallet that also has the feature of digital remittance to ease both domestic and international remittance services. For domestic remittance ,you can simply go to the “remittance” option and then select the district you would like to send money to; then enter the other details of your recipient and done! Domestic remittance is supported by City Express, Nepal Remit, Bhatbhateni Money Transfer and I-Pay on the sending side while all except City Express are available for the receiving side.

Lockdown? Here's How to Send, Receive International Remittance via Digital Wallets in Nepal 4

For international remittance, you have to send remittance through its partner money transfer agencies like Remitly , Western Union, MoneyGram, Ria and World Remit to the Khalti app of the recipients. The remittance service from Remitly to Khalti users is supported in 17 countries. It is available in Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Singapore, France, Sweden, the United Kingdom, Australia, Canada, and the United States.

How to send money from Remitly to Khalti?

  1. Login to Remitly through the app or website
  2. Select Get Started
  3. Choose Khalti inside Mobile as a delivery method
  4. Enter the details like amount, debit/credit card details, address and recipient’s name
  5. Tap on next to complete the transaction and then inform to your loved ones in Nepal

How to receive remittance in your Khalti app?

  1. Sign up and login to Khalti app.
  2. Tap on “Remittance” icon
  3. Tap on “Receive Money”, enter the control number/PIN code received in your mobile device and click on “Next”
  4. Click on the “Receive Money” option you see and you will get the confirmation page click on ok.
  5. You will receive a success message after clicking Ok. 

Pay attention to the few things while using this remittance service from Khalti.

4. PrabhuPay

PrabhuPAY | Prabhu Technology

Prabhu Pay has also been offering remittance services by integrating Prabhu Money Transfer in its system. With its national reach in Nepal, one can transfer money directly to an existing beneficiary’s bank account via domestic remittance. 

For the international remittance, it has partnered with the following companies:

  • MoneyGram 
  • Enjaz
  • CIMB Islamic
  • Habib Qatar
  • UAE Exchange
  • Transfast
  • TML Remittance 
  • City Exchange

How to send money home using Prabhu Money Transfer ?

This process is similar to other international remittance options where you need to:

  1. Find an agent location
  2. Prepare for your agent visit
  3. Complete your transaction
  4. Notify your recipient

Once the recipients get their money directly into the bank account, they can transfer it in their Prabhu Pay wallet. 

Thanks to Digital Wallets! Remittance in Nepal has changed its light.

These digital wallets are supporting international remittance by collaborating with international money transferring agencies abroad. Besides them, there are other remit companies too but we want you to open your eyes to digital wallets too. 

What does it cost to try for a new way of remittance? Well, it actually costs just some minutes of reading this article! 

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleRipple: The First-Ever Nepali OEM Brand Launches A New Laptop Artifact Pro
Next Article Nepal Telecom Introduces 4G VoLTE Service: Here’s Everything you need to Know
Radha Sapkota
  • Website

Hi, I am a postgraduate student of Economics, stock market enthusiast, an occasional storyteller and a habitual reader.

Related Posts

Scan & Pay with NEPALPAY QR

NEPALPAY QR Crosses 2 Lakhs Merchants

February 21, 2023
PayNow and UPI Linkage

India Links UPI with Singapore’s PayNow, Will Enable Real-Time Cross-Border Transactions

February 21, 2023
HamroPay

Hamro Patro Launches in-App Fintech Feature, Hamro Pay! 

February 17, 2023
IME Pay Joins NPS

IME Pay joins National Payment Switch (NPS)

February 17, 2023
View 1 Comment

1 Comment

  1. Pingback: Nepal Payment Solution Collaborates with City Express to unveil a platform for Remittance Wallet Transfer

Leave A Reply Cancel Reply

Don't Miss
HONOR X5 Price In Nepal With Specifications And Features 5

HONOR X5 Price In Nepal With Specifications And Features

March 20, 2023
Sybazzar Nepal

Sybazzar Expands Its Logistics Service To Every District Of Nepal

March 18, 2023
Nischal Basnet_TECHSATHI

The Inspiring Story of Nischal Basnet: From Farming Background to Successful Graphic Designer at 18

March 17, 2023
Breaking Barriers: The Incredible Journey of Susankya Tech from Nepal to Global 6

Breaking Barriers: The Incredible Journey of Susankya Tech from Nepal to Global

March 18, 2023
  • Facebook 64K
  • Twitter 877
  • Instagram 5K
  • YouTube 11K
  • LinkedIn 1.6K
  • TikTok 3K
Our Picks
23 Best Side Hustles to Make Extra Money in 2023 Editor's Pick

23 Best Side Hustles to Make Extra Money in 2023

March 12, 202311 Mins ReadBy techsathi

Are you looking for ways to earn extra income in 2023? Side hustles are a…

Fathers Day Tech Gift

Father’s Day Techy Gift For Your Dad That doesn’t Break The Bank; Here’s our Pick

August 27, 2022
Fantasy Premier League Khalti

Gambling through Digital Payments Still Going on Under the Shadows of Fantasy Premier League

August 3, 2022
Digital Wallets

After BFIs, Why is NRB Targeting Digital Wallets for Merger/Acquisition?

July 26, 2022
About Us
About Us

Nepal's #1 Tech News Portal covering everything about Technology, Gadgets, Start-ups, Entrepreneurship, and all sorts of technology-related analyses and activities.

Contact

To contact us, you can email us at
“hello” “@” “techsathi.com”

Also, you can ring us at
+9779866640555
+9779802075115

Pages
  • About Us
  • Advertise
  • Contact Us
  • Home Page
  • Homepage
  • Privacy Policy
  • Submit Article
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
© 2023 Tech Sathi Pvt. Ltd.

Type above and press Enter to search. Press Esc to cancel.