WorldRemit Partners with eSewa Money Transfer in Nepal
Partnership will connect more Nepalese with digital cross-border payments
Kathmandu, Nepal, 8 April - WorldRemit, a leading digital cross-border payments company, has announced a partnership with eSewa Money Transfer, Nepal’s leading payment service provider, to facilitate remittances from 50+ countries to Nepal.
WorldRemit customers can now send money instantly to the eSewa mobile wallets of their family and friends.
According to Nepal Rastra Bank, the number of mobile banking users soared five-fold—from 1.75 million in 2016 to 8.34 million in 2019*, which means nearly a third of the Nepalese population is engaging with digital financial services.
WorldRemit is proud to collaborate with eSewa and their more than 3.9 million registered account holders, to provide increased choice, convenience and affordability for Nepalese migrants living and working abroad.
Ruzan Ahamed, Country Director for South Asia at WorldRemit, stated: “Nepal is implementing digital initiatives for their people at pace, and we are seeing the Nepalese population embrace these changes. WorldRemit is committed to keeping pace with these developments, and we are proud to collaborate with eSewa Money Transfer to do so.
“This partnership with one of Nepal’s leading Mobile Money providers is another positive step towards realising our vision of providing a fast, secure, convenient and affordable way for our customers to send and receive their money transfers around the globe.”
Ajesh Koirala, Managing Director of eSewa Money Transfer, said: “We are very excited to join hands with WorldRemit, a global leader in digital cross-border payment services. This partnership underlines our effort to bring competitive alternatives to brick-and-mortar establishments with reduced fees.
“The uptake of P2P payments and digital wallets will continue, and our effort will be to reflect the new reality of how money is transmitted. eSewa Money Transfer is always focused on impacting Nepal’s remittance market by driving technology and digitization.”
For over 10 years, WorldRemit has built a strong reputation for offering a trustworthy, secure and reliable global digital payments platform for millions of customers. WorldRemit is committed to providing a wide-range of payment options to ensure people have choices in how they send and receive their money for their unique circumstances, reducing the historically high costs of international transfers.
WorldRemit believes everyone should have access to financial services - no matter their location or background.
The collaboration with eSewa Money Transfer marks a significant step forward in further embracing the strength of digital and mobile technology, to make financial services more inclusive and affordable, particularly for underserved and underbanked individuals worldwide.
From 6th April 2021 to the 30th June 2021, WorldRemit is offering a first transfer zero fee promotion. The promotion is valid for new customers only and WRNEPAL must be quoted. Terms and conditions apply visit www.worldremit.com.
WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online—making them safer, faster, and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide, and employ over 1,100 people globally.
On the sending side, WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up, and mobile money.
Backed by Accel, TCV, and Leapfrog—WorldRemit’s headquarters are in London, United Kingdom with 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.
For more information visit www.worldremit.com
About eSewa Money Transfer
eSewa Money Transfer is one of the fastest growing remittance companies of Nepal that offers a blended model of world-class remittance services to Nepalese around the world. Our service offerings are comprised of traditional agent-based remittance services with 8,000+ strong agent network coupled with a host of non-traditional, digital mode of transfers with access to 4 million+ eSewa mobile wallet users and bank accounts of 54 different banks where sending and receiving money is as easy as giving a few taps on a mobile phone. Incorporated in the year 2019 and licensed by Nepal Rastra Bank under foreign exchange regulation, eSewa Money Transfer is a part of F1soft Group that has been empowering more than 11 million population and 100,000 entities across the country through innovative fintech based payment services.