• News
  • Gadgets
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
Facebook Twitter Instagram YouTube LinkedIn TikTok
Thursday, September 28
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
TechSathiTechSathi
  • News
  • Gadgets
    Nokia G42 5G Price in Nepal

    Nokia Launches Budget 5G Smartphone Nokia G42 5G in India

    September 12, 2023
    AQFIT COSMIQ+ Nepal

    AQFIT Cosmiq+ Smartwatch Launched in Nepal: Price, Specs and Features

    September 8, 2023
    Samsung Gears Up for 5G Launch in Nepal with 5G-Ready Smartphones 1

    Samsung Gears Up for 5G Launch in Nepal with 5G-Ready Smartphones

    September 9, 2023
    GoPro Hero 12 Black Price in Nepal

    GoPro Hero 12 Black Launched with Twice the Battery Life

    September 8, 2023
    realme Narzo 60x Price in Nepal

    realme Launches Narzo 60x 5G with 120Hz Display, Dimensity 6100+ Chip

    September 7, 2023
  • 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. 

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

Fonepay Direct: A Convenient Way to Transfer Funds in Nepal

Fonepay Direct: A Convenient Way of Fund Transfer in Nepal

September 12, 2023
Fonepay and NPCI Unveil First Cross-Border QR Payment Solution between Nepal and India at GFF23

Fonepay and NPCI Unveil First Cross-Border QR Payment Solution between Nepal and India at GFF23

September 7, 2023
fonetag

Everest Bank Launches ‘FoneTAG’, an Offline Digital Payment Solution, in Collaboration with Fonepay

August 13, 2023
NIC Asia Smart Audio Alert Device for QR Payments

NIC Asia Launches Smart Audio Alert Device for QR Payments

July 30, 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
NCIT College, one of the most renowned IT colleges in Nepal is going to organize a Career Quest job fair program this Friday (September 29, 2023).

NCIT College to Host a Job Fair for IT Students

September 28, 2023
Galli Maps_Indra Jatra Navigation

Galli Maps to guide you on Indra Jatra Festival

September 26, 2023
Startup and Idea Fest

Startup and Idea Fest 2023: 100+ Startups and Innovations Being Exhibited on OCT 6-7

September 26, 2023
Career Connect_CSIT Association of Nepal (CSITAN)

CSITAN hosting Career Connect event for IT Students

September 22, 2023
  • Facebook 64K
  • Twitter 877
  • Instagram 5K
  • YouTube 11K
  • LinkedIn 1.6K
  • TikTok 3K
Our Picks
Monetary Policy of Nepal 2080-81 highlights in technology sector
News

5 Highlights of Monetary Policy of Nepal 2080/81 for Technology Sector

July 25, 20234 Mins ReadBy Basanta K. Dhakal

Nepal is going through a digital transformation, and the central bank is also playing a…

NCELL

The Collapse of Ncell-Axiata’s $500 Million Claim Against the Nepal Government

June 18, 2023
IT STartups Nepal

Nepal Opens Door for Global Tech Entrepreneurs to Launch IT Startups for Less Than $1

June 7, 2023
Open Network for Digital Commerce

Open Network for Digital Commerce (ONDC): Revolutionizing Digital Commerce in India

May 12, 2023
About Us
About Us

Nepal's go-to platform for tech news and updates. We want to be your Tech Sathi.

Contact

To contact us, you can email us at
“ [email protected] ”

Also, you can ring us at
“ +9779866640555 “

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.