WorldRemit and NIC Asia Bank Now Facilitate Cross Border Payments From Malaysia to Nepal

Customers can transfer money from Malaysia to NIC Asia Bank accounts

Kuala Lumpur, 14 January 2022: WorldRemit, a leading global payments company, has announced a partnership extension with NIC Asia Bank, one of the largest private-sector commercial banks in Nepal, to allow Nepalese living in Malaysia easy access to digital money transfers.

From today, WorldRemit customers in Malaysia can send money directly into NIC Asia Bank accounts of their family and friends in Nepal. This news comes following the recent WorldRemit launch in Malaysia late 2021, which allows for bank transfers, cash pick ups and transfers to multiple mobile wallets in Nepal. 

As part of this partnership, beneficiaries of more than 500,000 Nepalese migrants in Malaysia can also take advantage of the extensive branch network of NIC Asia Bank to collect their cash payments in Nepal. 80% of Nepalese receiving funds using WorldRemit can expect to receive funds within an hour, using the platform’s safe and easy-to-use service.

Ruzan Ahamed, Country Director for Nepal at WorldRemit, said: “WorldRemit ensures our customers can conveniently make money transfers to their family and friends securely and with ease. With the ongoing movement restrictions in Malaysia, it is more important than ever that Nepalis in Malaysia have fast, fair and flexible ways to send money home to their loved ones, and we are thrilled to facilitate this through our partnership with NIC Asia Bank.”

NIC Asia Bank is one of the largest private-sector commercial banks in Nepal in terms of capital base, balance-sheet size, number of branches, ATM network, and customer base. With 356 branches, 70 extension counters, 80 branchless banking, and 471 ATMs across Nepal with a network covering all major financial centers of the country. 

Speaking about the agreement, Mr Sudhir Nath Pandey, Deputy CEO at NIC Asia Bank, shared: “We are delighted to partner with WorldRemit to provide digital remittance service in Nepal. This best-in-class solution will enable hundreds of thousands of Nepalese working in Malaysia to send remit to their families in Nepal seamlessly and securely.”

To learn more about WorldRemit or to make your first transaction, visit www.worldremit.com.

Press Enquiries

About WorldRemit

We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global remittance brands. 

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 operate in more than 5,000 money transfer corridors worldwide and as part of Zepz, are part of a 1,400 person global workforce.

Sending money with WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, we offer a wide range of options, including bank transfer, cash pickup, 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, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.

About Zepz

Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Since 2021, Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad.

Zepz Group brands have helped cross-border communities send over $15bn from 50 countries, to recipients in 130 countries in 2022, and operate over 5,000 money transfer corridors worldwide. Zepz Group employs over 1,400 people globally as a remote-first employer, with team members located across six continents.